Ashanti Villas - x4431

Property Description

Superb units priced from only R359 900. Ashanti Villas is situated in the quiet suburb of Elspark in Germiston. The development consists of 224 units, of which 18 will be 1 bed 1 bath units , 188 will be 2 bed 1 bath units and 18 will be 3 bed 1 bathroom units. Each unit will have its own carport, and the 3 bedroom units will have 2.

Phase 1 Sold Out - Construction underway, occupation due in August 2011. (Units 1-52)

Phase 2 Sold Out - Construction starts June 2011, occupation due in October 2011. (Units 53-100)

Phase 3 Now Selling - Construction starts August 2011, occupation due in December 2011. (Units 101-152, priced at R359 900)

Complex Features

• Aluminium Windows
• Unit tiled through out
• Access Control
• Electric Fencing
• Facebrick (Low maintenance)

 

All internal roads will be paved and the areas between the blocks will be landscaped and grassed.

Floorplans:

1 Bed, 1 Bath unit with 1 Carport  - click here to view a floorplan
2 Bed 1 Bath unit with 1 Carport  - click here to view a floorplan
3 Bed 1 Bath unit with 2 Carports - click here to view a floorplan

Site Development Plan:

Click here to download a file (186kb) of the layout of the site at Ashanti Villas

Investment Potential:

Investors will easily attract tenants from the nearby Wadeville industrial area. There are a number of very large employees in this area, notably Distell and Consol Glass .

Looking at current trends, rental attained by occupation should be as follows:

-1 Bed - R 3000/ month
-2 Bed - R 3500/ month
-3 Bed - R 4000/ month

This equates to a 1% Rent to Value Ratio on all units, which is unheard of from a New Development.

Expect a 10% annual rental increase as well as a 10-15% growth of the value of the property per year.

Area & Amenities:

The area is easily accessed via the N17 as well as many other arterial roads. Within 2 km of Ashanti Villas residents will have the following amenities at their disposal:

- Elsburg Hoerskool
- Elsburg Laerskool
- Elspark Police Station
- Elspark Post Office
- Spar
- Fast Food Restaurants

Location:

Click here to download a map of the location of Ashanti Villas (327kb)

Next Showday: 26th June from 10am-12pm

Available Units in Ashanti Villas