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R750,000 | 1 Bedroom Retirement Unit For Sale in Albertville

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R750,000

Monthly Bond Repayment R7,487.84
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter

Monthly Levy
R1,050
Monthly Rates
R220

Life Right Retirement Unit, Frail Care On-Site - Albertville Living near Cresta

New Life Right Retirement Units in Albertville, Johannesburg – With Assisted Living and Frail Care On-Site

Looking for a retirement village in Johannesburg where you can live independently now, with care when / if you ever need it? Albertville Living is a secure, freshly refurbished retirement community at 13 Plein Street, Albertville. It is close to Cresta, Northcliff, Emmarentia, Linden, Montgomery Park and Randburg.

Each simplex unit is your own private space, finished to a high standard:

> Light-filled bedroom with generous built-in cupboards
> Room for a cosy seating area by the window
> Neat kitchenette with plenty of storage, plus a dining nook
> Modern bathroom with a walk-in shower, built-in shower seat and easy-access design
> Tiled floors throughout, low-maintenance and wheelchair friendly

Outside, residents enjoy landscaped gardens. There are covered walkways between buildings, a communal lounge and dining room, and secure carport parking.

WHY A LIFE RIGHT?
A Life Right gives you the right to live in your unit for life without the costs and upkeep of full ownership. There is no transfer duty. The Life Right agreement sets out the refund structure when the unit is vacated. Option to use your refund towards TOTALCARE healthcare costs later in life

LIFE RIGHT PRICES of Units currently available: 1 Bedroom – from R750 000

MONTHLY COSTS (average 30 m² unit)

> Levy: approx. R35/m² (±R1 050)
> Rates & taxes: approx. R220
> Sewer: approx. R430
> Refuse: approx. R280
> Water and electricity: prepaid / metered
> Estimated total: about R1 980 per month, excluding water and electricity.

OPTIONAL SERVICES

> Meals: approx. R3 000/month (30 meals - lunch only)
> Cleaning: approx. R750/month
> Laundry: approx. R750/month
> Parking: approx. R150/month
> Furnished packages: from approx. R1 500/month

CARE WHEN YOU NEED IT

> Supervision and care: approx. R150/hour (pay as you need)
> Medication management: approx. R3 000/month
> Full frail care on-site: approx. R27 500/month

PLANNING AHEAD?
Secure your unit now and potentially rent it out until you are ready to move in. Estimated rental income is from R7 650/month for a 1-bed. This is subject to the Life Right agreement and operator approval.

This suits retirees who want independence with peace of mind, and families looking for safe, caring retirement accommodation for a parent close to home.

!!! INVESTORS WELCOME !!!

INVESTOR OPPORTUNITY – EARN NOW, MOVE IN LATER (OR NEVER)

Albertville Living is also available as a hands-off Life Right investment, backed by TOTALCARE Living, an operator with more than 25 years in retirement and healthcare management.

> Projected 10% annual rental return, paid regardless of whether the unit is occupied [less levies – R 1980pm]
> No tenant placement, rental collection or maintenance – TOTALCARE manages everything
> On exit, receive 90% of the Future Sale Price, you share in future growth
> No transfer duty and no bond costs
> Option to use your refund towards TOTALCARE healthcare costs later in life
> Cash purchases only
> Limited units available

Ideal for investors who want steady income from South Africa's growing retirement sector, or for anyone who wants to secure a future home for themselves or a parent while it earns in the meantime.

Terms and conditions apply. Returns are projected, and full terms are set out in the Life Right investment agreement, available on request.

Contact today to book a private viewing.

Features

1
1
Pets Allowed
Yes
Interior
Bedrooms
1
Bathrooms
1
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
1
Pool
No
Sizes
Floor Size
30m²
1
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