You are here: Just Letting / Buy To Let / Global Village

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.

 
 
 
 

Summerstrand, Port Elizabath

 

At a Glance

  • Purchase price R649,900
  • Rental guarantee of R5,500 pm offered for two years after the date of registration
  • No transfer costs
  • R5,000 deposit
  • Electronic security (CCTV)
  • Access controlled gate
  • Study nook
  • Direct data connection to the university
  • Swiped card access
  • Parking bay
  • Recreational area
  • Within walking distance of all facilities
  • The site/unit layouts and location maps will be provided on request

Investment Breakdown

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

 
 
 

Contact Me Form