TRENDY LIFESTYLE DEVELOPMENT - R695 900 - R835 900 Ferndale - IGrow Wealth
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
IG ROW W E A LT H I N V E S T M E N T S
TRENDY LIFESTYLE DEVELOPMENT
Ferndale
1- & 2 bedroom apartments
Now selling from
R695 900 - R835 900
304 ON MAIN The leafy suburb of Ferndale, in the particularly pretty northern area of Johannesburg, lies close to some of the main business and entertainment areas. Just outside the Randburg CBD, close to the Cresta Centre, Brightwater Commons, the Monte Casino and The Dome. Thanks to its tree-lined streets and family-friendly atmosphere, Ferndale has an unassuming charm that gives it its own appeal. Ferndale is packed with shops, restaurants and business parks, making this perfect for residents, young and old alike. Should the Gautrain be extended to Randburg, it would possibly mean that an investment in 304 on Main will grow in value. 2 | 304 ON MAIN - Ferndale
Location
Ferndale, Randburg,
Gauteng
Amenities
Education
DIEPSLOOT
MIDRAND
KYS SANDS
The Montessori Campus 450 m
FOURWAYS
SUNNINGHILL Boston City Campus & Business 1.6 km
NORTHGATE WOODMEAD
STRIJDOM PARK
WYNBERG
JOHANNESBURG
College
ALEXANDRA INTERNATIONAL
CONSTANTIA KLOOF RANDBURG AIRPORT
Crest School 2.9 km
NORTHCLIFF SANDTON
ROODEPOORT
ROSEBANK
PARKTOWN
BRUMA Vega School JHB 3.6 km
JOHANNESBURG
CBD
DOBSONVILLE
MEADOWLANDS
CITY DEEP
Medical
SOWETO
Mediclinic Sandton 3 km
ALBERTON
PROTEA GLEN
Sandton Therapy Suites 6 km
LENASIA
Travel
ENNERDALE
Sandton Train Station 8.4 km
ORANGE FARM
Ferndale On Republic (Randburg 3.1 km
Waterfront)
Johannesburg CBD 17 km
MultiChoice City 1.6 km
Randpark Golf Course 5.4 km
304 ON MAIN - Ferndale | 3
Aerial Location
4
BRYANSTON
Hill St
Randburg Square
304 ON MAIN
Main Ave
Republic Rd
The Montessori Campus
Republic Rd
Randburg Towers Hotel MORNINGSIDE
Ferndale on MultiChoice City
Republic
Jan Smuts Ave
CRESTA
4 | 304 ON MAIN - Ferndale
Amenities
Ferndale, Randburg is very central and has a good mix of residential homes, shops and commercial property. The area is blessed
with many delightful open spaces, and its tree-lined streets and large, cultivated gardens create a feeling of airy space so
sought-after in this day and age.
Multichoice City Randpark Golf Club Cresta Shopping centre
Ferndale on Republic Randburg neighbourhood
304 ON MAIN - Ferndale | 5
Features
Modern, spacious designs
Built-in braai on patio or balcony
Eezi Quartz kitchen countertops
Tiled throughout
Secure parking
Secure complex – access controlled
Roof top garden with views
6 | 304 ON MAIN - Ferndale
Roof top garden with views
304 ON MAIN - Ferndale | 7
Apartments Unit Types
UNIT 1 UNIT 2 UNIT 3
R695 900 R699 900 R835 900
Unit area - 45m2 including balcony Unit area - 66m2 including balcony Unit area - 58m2 including balcony
1 bedroom 1 bedroom 2 bedrooms
1 bathroom 1 bathroom 1 bathroom
1 parking bay 1 parking bay 1 parking bay
8 | 304 ON MAIN - Ferndale
Why 304 ON MAIN?
INVESTMENT BENEFITS
Average property prices
increased from R1.09 million
10.05% 100% 55% in 2009 for a home to R2.05
— — — million in 2019
Gross return on Up to 100% bond Benefit from a 55%
investment up to financing available deduction through
10.05% (excluding Section 13sex tax rebates
Rental Assist) Randburg is listed as one
of the 8 ‘hottest’ property
Transfer and bond fees included*
investment areas in
Gauteng
Rental income projected from R5 500 to R7 000 per month
(excluding Rental Assist)
Source: Article and tweet from
High rental demand area
—
Occupation on registration Apartments selling from:
Occupation November 2022
R695 900
Reservation deposit of only R10 000 required to secure
Projected monthly rental income from:
(refundable should finance not be approved)
R5 500 p/m
304 ON MAIN - Ferndale | 9
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.
55%
1 2 3 4 5
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
10 | 304 ON MAIN - FerndaleWhy invest
The 2019 Lightstone Report (SA’s major reporting statistics platform) shows why Randburg, Johannesburg is such a fantastic
investment area.
20 0 9 2019 G ROWTH EXPERIEN CED
R600 000 R830 000 40%
AVERAGE APARTMENT VALUE AVERAGE APARTMENT VALUE OR R230 000
Sectional titles
Freehold
Vacant land
1 600 1 600 1 605 1 580
1 540
1 450
1 370
1 272
1 225
1 150 1 100 1 100
1 000
860 840 840 830
740 770
675
600 650 628 630 640
Median pric
490
400
330
258 Section
37 66 72 72 Freehol
Vacant
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Median price (R’000)
304 ON MAIN - Ferndale | 11Get in Touch
IGrow Wealth is a property investment company that assists
property investors to achieve financial independence by building
lasting wealth through high-performing property portfolios.
Contact us for more information:
info@igrow.co.za
CAPE TOWN: +27 (0)21 979 2501
PRETORIA: +27 (0)12 943 0201
IGrow makes no warranties, whether express or implied, in regard to this content, accuracy or availability.
The information contained in this communication is based on research conducted by or supplied to IGrow. While every care is taken by IGrow to ensure accuracy, IGrow cannot warrant
the correctness of this information.
*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
courier fees if applicable.
12 | 304 ON MAIN - FerndaleYou can also read
