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Printed on 03 Sep 2010 | 01:48:19 |
You are here: Just Letting / Buy To Let / Global Village
This excellent investment opportunity has been negotiated for our investors. In the current market conditions it is an opportunity not to be missed as the investor will not be affected by the current bond rates.
The investment is in a prime location next to the campus of the University of Port Elizabeth. PE itself is experiencing a major regeneration and redevelopment of the central business district and harbour. The economic rise of PE is spilling over to the property market.
There is a Major shortage of student accommodation. Current students registered are 22,000. Only about 2,200 students could be provided accommodation by the university. The balance must search for private accommodation which could be quite a distance away from the university.
At a Glance
Full Bond Amount
R649 900

Bond Repayment over 30 years at 14% *
Plus Estimated Levies
Total Monthly Costs
R7 700pm
R410pm
R8 110pm

Less Bond Subsidy / Rental Guarantee
Out of Pocket Expenses
R5 500pm
R2 610pm
* Rate not guaranteed