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R4,750,000

Monthly Bond Repayment R50,655.41
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R5,500
Monthly Rates
R1,400

UNBELIEVABLE INVESTMENT OPPORTUNITY ON THE SLOPES OF TABLE MOUNTAIN

With an amazing average monthly income of R50,000, this property offers an unbeatable return on investment. It's the perfect pied-à-terre for when you visit the Mother City and a fantastic source of passive income while you're away.

Nestled in the desirable FORTY ON L building in vibrant Bo-Kaap, this two-bedroomed apartment is a one-of-a-kind living space with unparalleled views. The open-plan layout features two bedrooms, one bathroom, and spacious living areas spanning 54m², seamlessly flowing onto a gorgeous wraparound balcony. From here, you can soak in breathtaking panoramic vistas of the ocean, harbour, city skyline, and the iconic Table Mountain.

The open-plan kitchen is equipped with modern and high-quality Smeg appliances, including an oven and refrigerator. The apartment's thoughtful design incorporates space-saving features, such as ample drawers and storage spaces, built-in vanities, and desks.

The current furniture is available for purchase, ensuring a seamless transition for new owners without disrupting any existing short-term rental arrangements or income streams.

FORTY ON L offers a wealth of shared amenities, including a communal entertainment deck with panoramic views, a refreshing pool, braai areas, and inviting seating spaces.

Residents can enjoy the convenience of on-site gym and laundry facilities. The building also provides 24-hour lobby and concierge services, as well as round-the-clock, on-site security with electric fencing, access control, and CCTV cameras, ensuring your peace of mind.

Additionally, FORTY ON L is a pet-friendly building, making it an ideal choice for pet owners.

This apartment caters to both comfort and convenience, offering a well-designed and secure living space in a vibrant location.

Contact Shameela today to arrange a viewing.

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Pool
Yes
Extras
Built in Wardrobes • Shower, Toilet and Basin • Open Plan Special Feature • Communal Braai Area

Bo Kaap, Cape Town

The city centre has become increasingly attractive as a hip residential area offering a world-class inner-city lifestyle unique in South Africa. Cradled between Table Mountain on one side and Table Bay on the other, Cape Town's city centre is home to a growing selection of luxury apartments , lofts and penthouses. Available to buy or rent, furnished or unfurnished, many of these are located in...
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Greeff Head Office Expansion
Greeff Christie's International Real Estate is expanding further into the Cape Town city bowl, growing their unique hands-on brand of professional service excellence to new markets. Despite the COVID19 pandemic, Greeff has...
 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

50,655.41

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