Loevenstein, Bellville, Western Cape | 22% Growth and Income | 3 years

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Loevenstein, Belville, Western Cape

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Property Description 

The accommodation was subdivided into various pockets comprising two apartments on the upper ground floor and three flats on the lower ground floor. Fittings and finishes vary between each accommodation noting newer, good quality on the upper ground floor and older, dated fittings and finishes in an average to good quality on the lower ground floor. The entrance/exit is located off Bloekom Street towards the southern periphery of the subject site through two automatic security gates (ingress and egress) into an enclosed paved extent. The flat accommodation may be accessed directly from this enclosed area and also offers three garages, two covered parking bays and domestic accommodation. Each flat offers an open plan living and kitchen area, separate bedroom and en suite bathroom. These flats offers gypsum ceiling boards with surface mount light fixtures and ceramic tile floors throughout. Each kitchen offers a built-in gas stove (save for one unit), built-in cupboards and sink. The bathroom offers a water closet, basin and shower/bath. The quality of the sanitaryware is average to good, varying between units, with both modern and or outdated fittings. Each flat is of a fair size and is well suited to a one bedroom unit. The domestic accommodation offers a small open plan extent with water closet, shower and hand basin. In the main house three of the bedrooms and entertainment/ braai extent overlooks the pool area, and offer large glass sliding doors and windows which allows good natural light to flow into the extent. It is also important to note the views offered of the Cape Peninsula from the living extent in the front extent of the apartment.

Nature of Opportunity

 

It is the intention of the current owner to enter into an agreement whereby the property is sold and transferred to a property investor, which in turn will lease the property to the current property owner as tenant, whilst providing owner with an option to purchase the property at predetermined prices within the time frame of the agreement. The recoverability and affordability of the tenant has been verified.

Exit 

 

The transaction term is a maximum of 3 years and property will be sold at market related prices, should the option to purchase not be exercised within the time frame of the agreement. Capital and pre-determined returns will be paid by the conveyancer on transfer.

Security 

 

The property investor will take transfer of the property in this transaction.

Process to invest in this opportunity 

Frequently Asked Questions

OUR LATEST THOUGHT FOR THE YEAR 2019 , FROM US AT PSG :

 

"DON'T WAIT TO BUY REAL ESTATE, RATHER BUY REAL ESTATE AND WAIT...."

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