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
- 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
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% |
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