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George Western Cape - Flats For Sale
 
Location George Central, George
Offering Development (with a variety of units to choosen from)
Property Type Flat
Transaction For Sale
Asking Price R 468,000 ~ R 469,000
Floor Space 42 m²
Terms Negotiable
Monthly Maintenance Dues R 450
SHOW CURRENCIES
 | US$ 60,000 ~ US$ 60,128 |
 | € 40,319 ~ € 40,406 |
 | A$ 68,391 ~ A$ 68,537 |
 | £ 31,481 ~ £ 31,548 |
 | C$ 64,248 ~ C$ 64,385 |
 | FJ$ 98,040 ~ FJ$ 98,249 |
 | HK$ 468,588 ~ HK$ 469,589 |
 | S 250,920 ~ S 251,456 |
 | ¥ 6,606,600 ~ ¥ 6,620,716 |
 | MR 199,560 ~ MR 199,986 |
 | S$ 84,564 ~ S$ 84,744 |
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Price/Floor Space R 11,143/m² ~ R 11,145/m²
GEORGE : FLATS FOR SALE: INVESTMENT OPPERTUNITY OR INDIVIDUE: The units are one bedroom luxury specification flats, including granite tops, and are 42 sqm each. All the flats are the same. One bedroom. There will be 36 units in total, following our approval of our updated plans to raise the front two blocks by one level each.
The Price is a very affordable R468 000-00; Rental is about R2700/month (Proof can be provided) translating into a 7% Rental ROI based on gross income divided by gross price.. Capital growth is expected to be well above average. George has an unsatisfied rental market in this category. There is a R5 000-00 deposit applicable-contract to follow. The expected levy is about R450/month.
Should a customer want to take a substantial amount of units we can talk about discount on the price! Should we sell out in the next month, the project will be fully completed by July. We already started breaking ground.
We currently have 19 left. Most buyers have been investors..
More developments such as this will follow. The next development includes 29 two bedroom flats.
george western cape
Rooms
  1 Bedroom
1 Bathroom (Toilet + Bath)
Lounge
Kitchen
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