From R 929 000 to R 1 095 000  |  Table View, Blouberg
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From R 929 000 to R 1 095 000  |  New Development in Table View, Blouberg
Harrington on North

PERFECT FOR 13SEX TAX INVESTORS - 9 UNITS LEFT FOR R929000 -

This Brand New Development consists of 20 One Bedroom Units of different designs pricing.

Industrial Loft look and feel to all the units. Most facing towards Table Mountain.

Section 13sex of the Tax Act
The South African Revenue Service (SARS) permits a significant tax benefit on residential property
under section 13 Sex of the Income Tax Act No. 58 of 1962. This incentive allows purchasers of residential units to ‘write-off ’ a percentage of the cost of buildings, or improvements thereof, acquired
or built after 21 October 2008. The following criteria applies:
1. The taxpayer must own at least 5 residential units. A residential unit refers to a building or self-contained
apartment, mainly used for residential accommodation with the exclusion of structures used for business
purposes, for example hotels.
2. All units must be situated in South Africa.
3. Residential units must be new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
4. The units must be used solely for the purpose of a trade (i.e. residential letting). This prevents housing
claims for personal use.

This is the perfect opportunity to utilise this concession. Perfect for corporates iso hotel stays - perfect as Air BNB accomodation.

High rental demand in the area.
Close to all amenities and transport.
Low monthly levies.
Good capital growth area.


Only 9 units remain.

PDF Brochures and Floorplans

Unit Types

Unit Beds Baths Garages Price Action
A 1 1 0 R 929 000 - R 949 000 View
 
Type C 1 1 0 R 1 095 000 - R 1 095 000 View
 

Contacts for this Development

Christelle Butler
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Estimated Monthly Repayments

R per month
Loan Term 20 years Interest Rate 7.00%