Forest Crest - x4427

Property Description

Forest Crest is a brand new development, specifically targeted at the investor market with high Rent to Value ratios. These units are also excellent homes for first time buyers.
 
The development comprises sixty apartments, all 2 bedroom 1 bathroom units. Upstairs apartments are priced from just R409 000, and ground floor garden units are priced from R425 000.

There are common landscaped garden areas between the blocks. Each unit has covered parking, and there are ample visitor bays. The complex will have electronic access and an electric fence around the perimeter.

There are 13 blocks with 4 single storey units in each, and 4 blocks with just 2 single storey units in each.

Site Layout:
 
Click here to view the layout of the site at Forest Crest

Forest Crest is located in the popular suburb of Forest Hills, and boasts easy access to main routes such as the M1, N12 and R59. The Glen Shopping Centre is nearby and the full range of schools is available in this prime area.

Map:
Click here to view the location of Forest Crest

The development offers excellent investment opportunity, in that it satisfies the key needs of Price, Position, Proximity and Convenience. Investors will draw tenants from the commercial and industrial areas of Southern Suburbs, JHB CBD, Gold Reef City and NASREC where hundreds of young people work.

Additional features and benefits:

• Architect designed 2 storey stacked apartment units
• Each unit is on a single level
• Quality finishes
• The living area, kitchen and bathrooms will all be tiled
• Full bathroom with both bath and shower 
• Open plan living area
• Paved roadways 

Costs:
No transfer duty
95 - 100% bonds *conditions apply
R10,000 deposit secures

Estimated Levies:
Between R550 and R600 per month

Rentals in The Area:
Looking at current trends, rentals by occupation date are estimated at between R3,800 and R4,000. Expect a 10% annual rental increase thereafter.