NEW BRAAMFONTEIN LOFTS
Excellent Reasons to Invest
– A conscientious investment for those looking to buy to live or buy to expand their property portfolio.
– Peace of mind that this is an asset designed to attract positive tenant appeal and capital growth.
– This unique lifestyle development is in response to a high demand in the area for accommodation, by corporate professionals and post grad students.
The investment opportunity is further enhanced by the following tax incentives;
Urban Renewal Tax Incentive | New Braamfontein Lofts forms part of an assigned UDZ (Urban Development Zone), this means eligible investors qualify for an Urban Renewal Tax Rebate, in which enables them to claim 30% of the purchase price against taxable income over a five-year period.
Corridors of Freedom – to be known as Transit Oriented Development Rebate | New Braamfontein Lofts will qualify for this rebate which will soon be approved and result in a rebate of Assessment Rates for new owners of units.
|NEW BRAAMFONTEIN LOFTS | ANTICIPATED RETURNS ON INVESTMENT|
|BUILDING #||UNIT TYPE||PURCHASE PRICE||*EST RENTAL||EST RETURNS|
|BUILDING 6||2 BED 2 BATH||FROM R1 300 000||*R10 500 p/m||**9.7%|
|BUILDING 7||2/3 BED 3 BATH||FROM R1 850 000||*R16 500 p/m||**10.7%|
*Estimated gross rental income excluding rates & levies ** Estimated initial gross return on investment