North Riding Development

Property Investment in a Retirement Lifestyle Estate – Gauteng

2 Bedroom and 1 Bathroom Apartments From R 1 280 000

1 Bedroom and 1 Bathroom Apartments From R 990 000

More Information & Enquiry

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This majestic development is home to hundreds of happy, active over-50s enjoying the beautiful views, facilities, houses and apartments offered by this luxurious retirement estate in the heart of Johannesburg’s northern suburbs.

With the first village complete and the second village busy taking shape, this estate will ultimately comprise 976 houses and apartments. The expansive grounds border on a protected green area with a walkway offering residents ample opportunities to enjoy nature and take in the lovely scenery. The nucleus of the estate is the fully operational lifestyle center where residents congregate and a true sense of community is cultivated.

If you are looking for an active, social and comfortable retirement lifestyle, but also for the peace of mind that 24-hour security and medical care services are available on-site, then this is the estate where you should spend your golden years!

Key Features & Amenities

Key Features & Amenities

  • 24-Hour Security with Patrolling Guards
  • 24-Hour Frail Care
  • Lifestyle Center
  • Restaurant and Coffee Shop

Key Features & Amenities

  • Hair and Beauty Salon
  • Communal Lounge, Games Room and Library
  • Heated Indoor Swimming Pool
  • Shuttle Services
Why Should You Invest
  • Invest now and Occupy later
  • Affordable Levies
  • Long-term tenants
  • Strong Demand and Limited supply
  • Full ownership of this sectional title development
  • Generational Investment
  • Good Capital Growth
  • EDGE Certification
  • Bond and Transfer cost Included

SECURITY

State of the art security, to ensure residents have peace of mind and allow
them to live in a safe, tranquil environment.

AFFORDABLE LEVIES & MAINTENANCE

What is included in Monthly levies?

  • Water
  • Structure and common property insurance
  • Garden services
  • 24- Hours security and patrolling guards
  • Panic button and emergency assistance
  • Basic Health care (e.g. blood pressure testing and basic wound care)
  • Postbox subscriptions
  • Upkeep on common property and external maintenance on houses
  • Communal area electricity (e.g. lifestyle centre, street lights, guardhouse and electric fencing).

1st, 2nd, 3rd & 4th Floor Unit Plan

Site Development Plan

Village 1 & Village 2

Investment Summaries

1 Bedroom and 1 Bathroom 45m² – R 990 000

Purchase Price* (minus R 30 000 Deposit): R 960 000
Monthly Bond Repayment @ 9% Prime: R 7 724
Monthly Levies: R 1 157
Monthly Rates & Taxes: R 983
Monthly Rental Income: R 8 250
Monthly Shortfall: R 1 164
Net Yield: 7.4%

Investment Summaries

2 Bedroom and 1 Bathroom 68m² – R 1 280 000

Purchase Price* (minus R 30 000 Deposit): R 1 250 000
Monthly Bond Repayment @ 9% Prime: R 10 059
Monthly Levies: R 1 748
Monthly Rates & Taxes: R 1 340
Monthly Rental Income: R 9 250
Monthly Shortfall: R 3 897
Net Yield: 5.8%

Investment Summaries

1 Bedroom and 1 Bathroom 48m² – R 1 035 000

Purchase Price* (minus R 30 000 Deposit): R 1 005 000
Monthly Bond Repayment @ 9% Prime: R 8 086
Monthly Levies: R 1 234
Monthly Rates & Taxes: R 1 014
Monthly Rental Income: R 8 250
Monthly Shortfall: R 2 084
Net Yield: 7%

Investment Summaries

2 Bedroom and 1 Bathroom 76m² – R 1 435 000

Purchase Price* (minus R 30 000 Deposit): R 1 405 000
Monthly Bond Repayment @ 9% Prime: R 11 305
Monthly Levies: R 1 953
Monthly Rates & Taxes: R 1 425
Monthly Rental Income: R 10 000
Monthly Shortfall: R 4 683
Net Yield: 5.5%

Location Map

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Address

Zomerlust Estate, Second Floor, Cnr Bergrivier Boulevard & Bergsig Avenue, Paarl, Cape Town, 7646

Call / WhatsApp Us

0800 014 943

021 872 0028

Business Hours

 

Monday to Friday 08:00 -17:00

Saturday & Sunday - CLOSED

Public Holidays - CLOSED

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