BOND AND TRANSFER FEES INCLUDED R21 960 RENTAL ASSIST TO INVESTORS
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IG ROW W E A LT H I N V E S T M E N T S
Upmarket 1 bedroom apartments
in the fast growing suburb of Lynnwood Glen, Pretoria
BOND AND TRANSFER FEES INCLUDED
R21 960 RENTAL ASSIST TO INVESTORS
Priced from R899 000
Only 27 designer apartments available
Situated in the leafy suburb of Lynnwood Glen, Ilkey@Maine is perfectly positioned to
benefit from all the expansions happening in and around Menlyn. With recent
infrastructure upgrades in the area, specifically on Atterbury Road, Lynnwood Glen is
poised to reap significant capital growth in the future.
Designer Investment Gem
According to CMA, there are only 36 sectional title schemes in the suburb
meaning there has never been a better time to make an investment here.
Residents of Ilkey@Maine have access to upmarket apartments and hotels
such as the Capital, Trilogy, The Regency, Fair City and Menlyn
Maine Residences.
With elite shopping centres scattered around the vicinity, your tenants will
be spoilt for choice. Menlyn Maine Central Square, Lynnwood Bridge Retail,
and Glen Gables Shopping Centre are just some of the options they’ll have
to start their shopping spree.
This all bodes well for future growth, with many tourists visiting the area on
a regular basis.
For students, there are a number of educational institutions in close
proximity, including Varsity College, Vega School of Branding, Pearson
Institute, St Alban’s and the University of Pretoria.
For the young professional, the area boasts a number of office parks nearby
including Podium@Menlyn, Menlyn Square Office Park and Lynnwood
Bridge.
International companies such as Zutari (Old Aurecon), Adams & Adams and
various financial institutions including the FSCA and the RAF all have a big
presence in this region.
Make sure to take advantage of this opportunity and start building your
property portfolio either as a first-time or experienced investor.
2 | Ilkey@Maine - Lynnwood Glen
55
6 Things to do around
LYNNWOOD GLEN
WORK
M en l yn M ai n e
E AT AT
Lyn nwood Bri d ge
PRA C TIC E YO UR S W IN G
Waterkl oof G ol f Cl ub
S OC IA LIS E AT
Hazel wood Vi l l a ge
E N J OY N ATURE
Fa eri e G l en Nat ure Reser ve
S H O PPIN G
M en l yn Park S h op p i n g Cen t re
Ilkey@Maine - Lynnwood Glen | 3
Location
Lynnwood Glen
Amenities
Travel
Glenfield Office Park 1.1 km
Menlyn Maine Central Square 1.6 km
Lynnwood Bridge Office Park 1.8 km
Riverwalk Office Park 2.8 km
Education
Varsity College 500 m
St. Albans College 600 m
Vega School of Branding 850 m
Pearson Institute of Higher Education 2.7 km
Medical
Menlyn Park Shopping Centre 1 km
(Various Pharmacies)
Life Faerie Glen Hospital 1.6 km
Mediclinic Kloof Hospital 5.2 km
Life Wilgers Hospital 5.7 km
Recreation & Shopping
Menlyn Park Shopping Centre 1 km
Faerie Glen Nature Reserve 1.4 km
Menlyn Maine Central Square 1.6 km
Lynnwood Bridge Retail 1.8 km
4 | Ilkey@Maine - Lynnwood Glen
Ilkey@Maine - Lynnwood Glen | 5
Suburb rental yields
TPN (Tenant Profile Network) shows why Ilkey@Maine is such a fantastic investment:
National
Suburb
Suburb Effective
Town
TENANT PAYMENT PROFILE
Overview of the suburb payment trends
Payment trend detail Suburb Province National
Paid on time (POT) 66,21% 58,85% 62,26%
Grace period (GP) 4,45% 5,53% 4,80%
Paid late (PL) 14,22% 10,76% 10,46%
Partial payment (PP) 10,03% 13,42% 12,92%
Did not pay (DNP) 5,09% 11,44% 9,56%
GoodStanding (POT+GP+PL) 84,88% 75,14% 77,52%
6 | Ilkey@Maine - Lynnwood Glen
Why invest in Ilkey@Maine
INVESTMENT BENEFITS
DEVELOPMENT FEATURES
10.36% R21 960 Occupation early 2022
— —
Secure development with controlled access
Prepaid water & electricity meters
Gross ROI Projected up to 10.36% R21 960 Rental Assist to investors*
Secure complex - CCTV cameras and
electrified fencing
Up to 100% bond financing available assisted by IGrow Homeloans One covered parking bay per apartment
Transfer and bond fees included* Fibre ready
Dishwasher and washing machine water points
Benefit from a 55% deduction through Section 13sex tax rebates*
Built-in braai to selected apartments only
High rental demand neighbourhood
Eye level electric oven to all units
Rental income projected from R93 120 per year (incl. Rental Assist)
Municipality opened for all purchasers
Buy directly from the developer
Projected yearly income from: Apartments selling at:
R93 120 R899 000
Ilkey@Maine - Lynnwood Glen | 7
COMPREHENSIVE END-TO-END RENTAL MANAGEMENT IGROW RENTALS, OUR IN-HOUSE RENTAL MANAGERS
Tenant vetting & placement Ingoing & outgoing inspections
Rental collection Maintenance service available
MASSIVE TAX INCENTIVE FOR INVESTORS
Section 13sex of the Income Tax Act applies where up to 55% of the purchase price can be used as a deduction against the
investor's income for tax purposes when purchasing five or more properties.
Enjoy 20 years of tax d
eductions through Section 13sex.
1 2 3 4 5
55%
deduction through Section
20
years
Tax deduction through
Section 13sex tax rebates
13sex tax rebates
Visit our website for more information on this amazing tax incentive.
www.igrow.co.za
8 | Ilkey@Maine - Lynnwood Glen
Ilkey@Maine - Lynnwood Glen | 9
Ground Floor Plan 10 | Ilkey@Maine - Lynnwood Glen
First Floor Plan
Ilkey@Maine - Lynnwood Glen | 1112 | Ilkey@Maine - Lynnwood Glen
Type A
From R899 000
Ground and first floors
1 bedroom | 1 bathroom
Unit area - 30.8m² - 31.9m²
Patio/balcony up to 4.4m2
Projected rental from R6 800 p/m
1 covered parking bay
R21 960 Rental assist
Levy projected at R980 p/m
Property rates projected at R680 p/m
Ilkey@Maine - Lynnwood Glen | 13Type B
R 949 000
Ground and first floors
1 bedroom | 1 bathroom
Unit area - 39.7m² to 41.2m2
Patio/Balcony up to 4.4m²
Built-in braai to selected units
Projected rental from R6 800 p/m
1 covered parking bay
R21 960 Rental assist
Levy projected at R980 p/m
Property rates projected at R680 p/m
14 | Ilkey@Maine - Lynnwood GlenGet in Touch
WEALTH INVESTMENTS WEALTH-MANAGEMENT IGrow is a group of property investment companies which assists property investors
to achieve financial independence by building lasting wealth through high-performing
property portfolios.
Contact us for more information:
HOMELOANS RENTALS TRUSTS
info@igrow.co.za
CAPE TOWN: +27 (0)21 979 2501
PRETORIA: +27 (0)12 943 0201
Ilkey@Maine Disclaimer
IGrow makes no warranties, whether expressed or implied, in regard to the websites, contents, accuracy, financial projections and/or assumptions nor availability.
The User assumes all responsibility and risk for the use of the information and other material provided. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the materials or projections/assumptions, whether
direct or indirect. The User indemnifies IGrow and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of whatsoever nature suffered by any third party in relation to any act or omission by the User in relation to the informa-
Ilkey@Maine
tion and the use thereof by the User. *Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees-and
Lynnwood Glen |
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