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R5,950,000

Monthly Bond Repayment R57,418.79
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R2,950
Monthly Rates
R3,950

Luxury city living in the heart of Cape Town

6% yield guaranteed for 3 years (guaranteed net return from the developer equal to 6% of the VAT exclusive cost of the investment)

SOLD VAT INCL WITH FURNITURE, FIXTURES & FITTINGS - NO TRANSFER DUTIES. (see UDZ benefit at the end)

Enjoy secure luxury residence living high up in one of the Cape Town's most iconic buildings. Offering two bedrooms, both en-suite, the apartment's passage flows into a spacious open plan reception with scenic views of the Bo-Kaap and Signal Hill. With integrated appliances and high-end finishes, the kitchen section is combined with the lounge and dining areas.

Two secure basement parking bays are included and residents have complimentary use of the swimming pool and gym facilities offered by the well-known hotel in the building.

A sound investment, the apartment is sold VAT inclusive with no transfer duties payable. In addition, certain tax benefits apply as the building falls within the Urban Development Zone of the city. An investor is entitled to a UDZ capital deduction of 30% of the VAT inclusive cost. The UDZ deduction is claimed evenly over a period of 5 years resulting in an annual tax deduction of 6%.

View by appointment only.

Features

2
2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
1
Furnished
Yes
Exterior
Garages
2
Security
Yes
Pool
Yes
Sizes
Floor Size
84m²

Cape Town City Centre, Cape Town

Cape Town, The Cape of Good Hope, Kaapstad or The Mother City - despite what you choose to call it, Cape Town is without a doubt one of the most spectacular destinations in the whole of Africa. Made up of a mishmash of unique suburbs and neighbourhoods, all with their own heritage, culture and atmosphere - this city is alive with electric activity. Founded in 1652, Cape Town is the oldest urbanised area in the...
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Disclaimer: While every effort will be made to ensure that the information contained within the Knight Frank website is accurate and up to date, Knight Frank makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

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Monthly Payment

57,418.79

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