12-month
rental guarantee.
Savannah Park enhances its appeal as a prime investment by providing an exclusive 12-month rental income guarantee. This offer ensures buyers a solid net return of 7% to 10% annually, easing the usual property investment concerns. Buyers receive guaranteed rental income for the first year after the property transfer, giving them the flexibility to use it for mortgage payments or other investment opportunities.
| 1-BEDROOM, 1-BATHROOM | 2-BEDROOM, 1-BATHROOM | 2-BEDROOM, 2-BATHROOM |
| Purchase Price From: R1.295 million | Purchase Price From: R1.595 million | Purchase Price From: R1.795 million |
| Deposit: R20 000 | Deposit: R20 000 | Deposit: R20 000 |
Bond repayment @ 11.75%: R12 870 per month | Bond @ 11.75%: R15 898 per month | Bond @ 11.75%: R17 917 per month |
| Estimated Guaranteed Rental: R8 750 per month | Estimated Guaranteed Rental: R11 000 per month | Estimated Guaranteed Rental: R12 000 per month |
| Estimated Monthly Levy: R1 000 | Estimated Monthly Levy: R1 300 | Estimated Monthly Levy: R1 500 |
| Estimated Monthly Rates: R1 000 | Estimated Monthly Rates: R 1250 | Estimated Monthly Rates: R1 500 |
| Estimated Guaranteed Net Annual Yield: 6.3% | Estimated Guaranteed Net Annual Yield: 6.4% | Estimated Guaranteed Net Annual Yield: 6% |
| Estimated Capital Appreciation: 6% YOY | Estimated Capital Appreciation: 6% YOY | Estimated Capital Appreciation: 6% YOY |
Rental guarantees: Paid to you monthly from registration. Valid for 12-months. The information provided is to be used as a guide and is not a guarantee of savings or earnings. All information stated here was correct at time of printing/publishing and subject to change without notice. E&OE
The bond repayment amounts were calculated at prime 11,75% interest rate on a 30-year term with R20 000 deposit and are subject to change.
Savannah park
projected value over 10 years.
The information provided is to be used as a guide and is not a guarantee of savings or earnings. Estimated capital appreciation calculations are based on a 6% appreciation value year-on-year over a 10-year period. All information stated here was correct at time of printing/publishing and subject to change without notice. E&OE.
How does the
rental guarantee work?
A rental guarantee is the developer’s promise to provide a minimum rental income for buyers purchasing an investment property intended for leasing. This guarantee is net to the buyer, meaning the developer covers levies and rates, and you receive the remaining amount. Specific terms and conditions apply.
To take advantage of this offer, buyers must:
- Secure their apartment with a deposit, a signed contract of sale, and confirmed bond/cash/guarantee by the conveyancing attorneys.
- Enter into a 12-month lease agreement with the developer starting from the transfer date of the apartment.
It’s that simple.
Pre-qualify now
in under 5-minutes.
Savannah Park has partnered with South Africa’s premier home loan company, ooba. By using ooba you are more likely to get your home loan approved than by just applying to your bank.
Get pre-qualified in less than 5-minutes with the ooba Bond Indicator – a 100% online, paperless, secure self-service tool that measures your credit score, income and expenditure to assess your home loan affordability as a bank would.
So, what does this mean for you?
- 100% bond financing for qualified buyers, subject to credit approval and deal structure.
- One application which can be submitted to all banks.
- Receive multiple quotes to compare.
- Let ooba help negotiate rate & terms where necessary.
Documents required for
the home loan application:
- Identity document/s
- Proof of address
- 3-months consecutive payslips/ 6-months consecutive payslips if commission or overtime earned
- 3-months latest bank statements
- Proof of income tax number
- Marriage certificate (if applicable)
- Antenuptial contract (if applicable)
- Identity document/s
- Proof of address
- Confirmation of income by accountant/ auditor
- Signed audited financials for the latest 2 years
- Up to date management accounts if financials are more than 6-months old
- Latest IT34
- Latest 6-months personal and business bank statements
- Signed personal statement of assets and liabilities
- Proof of income tax number
- Marriage certificate (if applicable)
- Antenuptial contract (if applicable)
- Identity document/s
- Proof of address
- 3-months consecutive payslips/ 6-months consecutive payslips if commission or overtime earned
- 3-months latest bank statements
- Proof of income tax number
- Marriage certificate (if applicable)
- Antenuptial contract (if applicable)
- Identity document/s
- Proof of address
- Confirmation of income by accountant/ auditor
- Signed audited financials for the latest 2 years
- Up to date management accounts if financials are more than 6-months old
- Latest IT34
- Latest 6-months personal and business bank statements
- Signed personal statement of assets and liabilities
- Proof of income tax number
- Marriage certificate (if applicable)
- Antenuptial contract (if applicable)