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R10,000,000

7 Albany Road

Monthly Bond Repayment R108,370.71
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Multi purpose 36 ensuite bedroom establishment

This historic accommodation establishment in Port Alfred offers an incredible investment opportunity with breathtaking views of the Royal Alfred Marina and Indian Ocean. With 36 en suite bedrooms, this property has the potential to attract a variety of clientele. The multitude of reception areas, offices, entertainment venues and conference rooms add to the appeal. Additionally, three adjacent properties with fourteen apartments are available at an optional extra for a further R5M, providing even more potential for expansion. The property is conveniently located adjacent to the main East London/Port Elizabeth highway (R72), making it easily accessible. All reasonable offers will be considered, but we highly recommend a viewing to fully appreciate the potential of this property.

Features

36
36
Interior
Bedrooms
36
Bathrooms
36
Kitchens
1
Sizes
Floor Size
2,749m²
Land Size
8,298m²
Extras
House Style: Contemporary • Views: City • Views: Sea / Ocean • Locality: Close To Beach • Locality: Close To Schools • Locality: Close To Shops • Land Contour: Flat To Sloping • Condition: Good

East Bank, Port Alfred

History In the early 1820's Port Frances and Port Kowie were founded. In 1841 South Africa's first man made harbour was opened here.  After numerous name changes, in 1860, Port Alfred was renamed in honour of Prince Alfred, Queen Victoria's son.   Location Port Alfred is located between 2 cities, Port Elizabeth and East London, on the breath-taking Sunshine Coast of the Eastern Cape. The distance from Port...
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

108,370.71

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