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 @ 11.25% Prime:	R 9 325
Monthly Levies:	R 1 157
Monthly Rates & Taxes:	R 983
Monthly Rental Income:	R 6 950
Monthly Shortfall:	R 4 515
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 @ 11.25% Prime:	R 12 141
Monthly Levies:	R 1 748
Monthly Rates & Taxes:	R 1 340
Monthly Rental Income:	R 9 250
Monthly Shortfall:	R 5 979
Net Yield:	5.8%