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R2,000,000

Monthly Bond Repayment R21,674.14
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Levy
R3,587
Monthly Rates
R1,396

1 Bedroom Apartment For Sale in Cape Town City Centre

On the market for the first time in seven years, this spacious one bedroom, overlooking the historic St Georges Mall, is in superb condition. Separate bedroom and bathroom, with a very generous open plan kitchen/diner/lounge. Mandela Rhodes Place has recently had a R1m foyer upgrade, returning it to its' rightful status as one of the premier lifestyle residential complexes in the city centre. A roof top pool, with poolside loungers gives the feel of being on holiday all summer long. Access to Ignite Gym next door, with Motherland Coffee, Kinesis Property and four other commercial tenants moving into the ground floor foyer, make this a vibey, high quality building. 24 hour security, access control and secure off street parking complete the package. Fyn Restaurant, Gigi Roof Top Bar, Bukhara and Haiku all within one to four minutes' walk from your front door. This is city living at its best!

Airbnb friendly should an investor choose to go the short term rental route.
This building is unaffected by Load Shedding.

Current lease in place till 28 February with a tenant paying R15,500pm.

Features

1
1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Security
Yes
Pool
Yes
Sizes
Floor Size
76m²

Cape Town City Centre, Cape Town

The vibrant hub of the city centre has experienced tremendous growth and over the last decade has seen its residential population increase by more than two thirds, predominantly made up of young professionals, students and entrepreneurs. The close proximity to work, meaning one avoids the ever increasing congestion of traffic on the arterial routes leading into the city as well as the abundance of cafes, shops...
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Tips when buying a sectional title property
Before rushing into making an offer on your dream apartment (sectional title unit), make sure you check the financials of the Body Corporate. It is important to determine the financial standing and that it is not in the red and...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

21,674.14

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