1 Bed Apartment in Potchefstroom Central

Hoffman Square - Modern 1x Bedroom 1x Bathroom unit.

Currently rented out and thus serves as good investment property.

This apartment block is well maintained, low maintenance has great security and very central with regards to surrounding services and amenities.

The property is situated approximately 1.2km from the North West University''s main entrance gate in Meyer Street. Vuzulela FET College is also situated very close by in Auret Street, approximately 400m from the property.

Fillings stations, grocery stores, shopping centers, restaurants, doctor''s offices, dentists and many more amenities and services are all situated around the property within less than 1km radius.

Hoffman Square has CCTV cameras and a 24-hour security guard''s on the premises. Each block is access controlled and has magnetic locks to ensure added security features. The boundary wall also has electric fencing and entrance gates are also electric.

Units are fitted with pre-paid meters and wi-fi hotspots are also installed. The complex also has a swimming pool and communal braai area for leisure times. There are also communal clothing lines.

Highlights:

Swimming Pool

Wi-Fi Hotspot

Covered Parking

Prepaid Electricity

Electric Fence

CCTV Cameras

Electric Fence

24 Hour Security

Please Note: The Budget Speech included an amendment to the transfer duty payable to SARS, calculation applicable to property transactions, increasing the threshold under which NO TRANSFER DUTY is payable up to R1.1 million. This means that if you buy a property that costs R1.1 million or less, you will not have to pay any transfer duty.

Transfer duty is only payable on properties worth more than R1 100 000. If the property is less than that, you will still need to pay the conveyancing attorney for the transfer of property, but there will be no transfer duty tax.

Conveyancing Fees are estimated at an amount of approximately R17 000. If you require a bond to pay for the property, the bank will appoint a bond attorney and the estimated cost is approximately R22 000. If you need assistance with regards to finding out if you qualify to purchase this property and need help with evaluating your affordability, we will gladly assist to make this investment work for you.

Contact me for more information or to arrange a private viewing.