These bachelor units are a perfect opportunity for any young or experienced investor. So come and step into your next investment. From the units, it is less that 1 kilometer to the western entrance gate of T.U.T (Tshwane University of Technology). All the units look basically the same and the same seize. It offers good security.
The complex itself is multi racial. Only one person per unit is allowed. The security at the complex is of good quality and the body corporate keeps the standard of the building up to standard. The complex was build in 1995 and finished in 1998. The communal pool is very neat and well looked after.
All of the units is bachelor units. All are the same size and built on the same plan.
In order for you to purchase this lovely property, your income before deductions must be R 10 500 or more. This is at an interest rate of 7.25 %. It can be a combined income. This combined income does not have to be husband and wife. You can buy with a friend or a work colleague together.
Philip Nel Park was established in 1990. Phillip Nel Park is fairly a new established suburb with large number of bonded market houses, this area is mostly dominated by black middle classes and first time buyers, and it is also located few kilometers from Tshwane CBD and well within reasonable distance to Tshwane University of Technology.
The area is also enjoying reasonable access into major routes connecting the City and other provinces such as North West and Limpopo Provinces. There has been a huge influx of university students seeking accommodation in the area due to close proximity to the university.
A noted trend is that properties are currently rented out and further subdivided to make extra rooms using dry walling; the expected rentals range from R3300 to R 3600.00 per student sharing a room monthly, this is a good return on investment.