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Pricing and Financials

View of Camps Bay

 

2 week shares in our Cape Town Waterfront apartment are available from only  R400,000.  This price is fully inclusive of all taxes and duties but does not include the cost of local legal advice at the option of investors. 

 

Return on Investment

 

Average daily rental on these apartments in the V&A Waterfront is R3,200, with rates set according to the season.  Given our avaerage occupancy of 80%, this could provide a gross rental yield of 9% on your investment. 

 

Management Levies

 

Management levies are set at R1,700 per month for a 2 week share.  This enables us to offer you a hassle-free holiday experience and shared maintenance costs.

 

Your levy is due from the month of signing.

 

The levy covers:

 

  • all insurance

  • all maintenance

  • estate levies

  • groundrent

  • furniture and fittings replacement fund

  • water and electricity

  • weekly cleaning services

  • auditors and financial reporting

  • satellite tv

  • broadband internet

    replacement and refurbishment provsiion

  • rental advertising

  • holiday exchange clubs membership

  • our management fee 

Potential for Investment Growth

 

Property appreciation is clearly something that Fractional Development Express cannot guarantee. As with all investments, prices can go down as well as up. 

Tax Implications 

 

We are unable to offer you detailed tax advice.  Fractional Development Express is able to provide investors an overview of tax consequences in South Africa, but unfortunately cannot offer specific advice pertaining to tax implications within investors home tax jurisdiction.