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R2,500,000

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Monthly Rates
R2,000 Excl. VAT

Excellent income and development opportunity

This complex has 4 student accommodation rooms, each en suite, and with its own kitchenette. Each unit has its own geyser, and the electricity and water to each unit are prepaid. They are very well appointed and would even suit adult occupants. To the rear of the house is a 1 bedroom apartment. The outhouse is rented out, and the basement area is leased to a small business. There is a lot of potential to expand within the existing framework, or as it is a GR1, there is the chance one could build up to 4 levels of units at 400sq m per floor. Come and view and explore your opportunities. Current earnings are in the order of R28 000p.m.
Easy access to Umbilo / Sydney Rd business and industrial complexes, to the Bluff area, and South and West precincts.
Call me to view it.

Features

0
6
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
200m²
Land Size
793m²
Parking Bays
Open Parking Bays
6

Glenwood, Durban

Originally called Rio de Natal by Vasco d Gama when he visited in 1497 Durban later received its name from a governor of the Cape Colony named Sir Benjamin D'Urban.  Durban is a cultural melting pot of diversity, ethnicity and top-class cuisine that represents culinary influences from around the world.  Located on the northeast coast of South Africa and being the biggest port, Durban is the heart of Kwa-Zulu...
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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

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

35,507.36

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