36 Bedroom Apartment in Rynfield AH

R 8 740 000

Andre van der Merwe

Chas Everitt-Benoni

36 Bedroom Apartment in Rynfield AH

R 8 740 000

silver pines, 29 ninth road
Can I afford this?
36 Beds
24 Baths
Floor Area 83 m²
Rates R 470
Levy R 1134

We offer investors, a valuable asset that promises to deliver financial returns for years to come.

All 12 units are 3 bedroom 2 Bathroom - Fully Let.

Current Gross Rentals R 915 600 per annum.

Capitalization Rate - over 10 years - 10.47 %.

Purchase Price Includes Vat.

Lifestyle offerings:

Outdoor pool

Clubhouse

Pet-friendly units

Easy day-to-day living

Boundary wall with electric fencing

24-hour secure access control

The units are set in a parkland tree complex while the common area features a clubhouse and pool area with children playground facilities.

Property investors who purchase 5 or more units from a developer may be entitled to claim up to 24% and possibly higher *** from SARS in terms of Sect 13sex of the Income Tax Act over a 20 year period (*** Please consult your auditor for further information)

Silver Pines Estate offers a high-performance investment prospect for a property investor.

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Key Property Features

36
Bedrooms
24
Bathrooms
12
Covered Parkings
12
En-suite
Access Gate
Balcony
BIC
Club House
Electric Fencing
Fenced
Garden
Guest Toilet
Intercom
Kitchen
Patio
Paving
Pets Allowed
Pool
Satellite
Security Post

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Andre van der Merwe

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van der Merwe

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Total Interest R 0
Total Repayment R 0
Interest at 10.25% for 20 years
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Experience Benoni

Benoni was originally a mining town, and the mines and supporting businesses attracted people from all over the world. This played a big part in the area being as diverse as it is today. Benoni is a picturesque setting for families with its attractive tree lined suburban streets. For those that are interested in all things equestrian, Benoni has many horse stables and riding facilities. Residents like to refer to Benoni as the "City of Lakes" with 4 scenic lakes dotted around the area.

Find out more about Benoni

36 Bedroom Apartment in Rynfield AH

R 8 740 000

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