Ottery Development

Western Cape. 2 Bed 1 Bath From R 992 500

More Information & Enquiry

Please complete the form below to receive more detailed information.

The Cape Town suburb of Ottery is in the Southern Suburbs of the Mother City, close to Plumsted, Wynberg & Kenilworth.

Ottery is home to several small businesses, as well as shops and shopping complexes. There is also the Ottery Centre, which includes a Pick n Pay Hypermarket, pick n Pay Liquor Store, Nando’s, Spur, the post office and other retail outlets.

Other attractions within Ottery include the Royal Cape Golf Club and the Youngs field Military Base, which plays host to the annual Cape Argus Junior Cycle Tour.

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Key Features & Location

Key Features

  • 46 square meters
  • Modern, open plan living
  • Gated security
  • High-grade, low maintenance finishes
  • Pre-paid electricity
  • Private patio
  • Installed cupboards in bedrooms, bathrooms, and kitchen
  • Secure parking

Location

Ottery is about 20 minutes drive from the City Bowl of Cape Town (including massive attractions like Table Mountain, Lion’s Head, Long Street, the CTICC, and the V&A Waterfront), and less than an hour’s drive from the Cape Winelands (Stellenbosch, Paarl, Pniel and Franschhoek).

Why Invest in Ottery

  • Why invest in Ottery?
  • Cash flow positive from day 1
  • 12 months levies included
  • ​Exceptionally well-positioned in Ottery Main Road
  • ​Within walking distance of Ottery Mall and Central Business District
  • ​Very high demand for apartments in the area with limited supply

2 Bed 1 Bath Unit Plan

Site Development Plan

Investment Summaries

Ground Floor – 2 Bed 1 Bath – R 1 179 000

Purchase Price* (minus R 40 000 Deposit): R 1 139 000
Monthly Bond Repayment @ 9% Prime: R 9 165
Monthly Levies (Included for 12 months): R 1 000
Monthly Rates & Taxes: R 300
Monthly Rental Income: R 8 500
Monthly Shortfall: R 965
Net Yield: 8.3%

Investment Summaries

1st Floor – 2 Bed 1 Bath – R 1 060 500

Purchase Price* (minus R 40 000 Deposit): R 1 020 500
Monthly Bond Repayment @ 9% Prime: R 8 211
Monthly Levies (Included for 12 months): R 1 000
Monthly Rates & Taxes: R 300
Monthly Rental Income: R 8 500
Monthly Shortfall: R 11
Net Yield: 9.3%

Investment Summaries

2nd Floor – 2 Bed 1 Bath – R 992 500

Purchase Price* (minus R 40 000 Deposit): R 992 500
Monthly Bond Repayment @ 9% Prime: R 7 664
Monthly Levies (Included for 12 months): R 1 000
Monthly Rates & Taxes: R 300
Monthly Rental Income: R 8 500
Monthly Surplus: R 536
Net Yield: 9.9%

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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