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R2,500,000

32 Arkhon Street

Monthly Bond Repayment R27,092.68
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R2,084

Summerstrand property, student accomodation.

Exclusive Mandate! This exceptional student accommodation property boasts a well-maintained exterior, featuring durable face brick finishes and versatile double roman cement roof tiles. The property is surrounded by a meticulously kept garden and courtyard areas, providing a pleasant atmosphere. Security is a priority, with a fully enclosed perimeter and a main driveway entrance fitted with a sliding gate, ensuring controlled access. Inside, the property offers tidy bedrooms that can be shared or occupied as single private rooms. Residents can choose from communal or en-suite bathrooms, providing flexibility and convenience. Notably, two of the bedrooms have separate external entrances, allowing for additional privacy and independence. For vehicle owners, a spacious double garage is available, accommodating two cars with proper permissions. In addition, secure on-site parking is provided behind locked gates, ensuring the safety of vehicles. The property's advantageous location near the university's new entrance makes it an excellent investment opportunity and a lucrative source of income right from the start. Currently there are leases in place, all running until the end of the relevant academic year. The property is professionally managed by a student accommodation consultancy, ensuring efficient operation. Financial details are available upon request. Feel free to contact me for further information on this remarkable opportunity.

Features

6
3
2
Interior
Bedrooms
6
Bathrooms
3
Kitchens
1
Reception Rooms
2
Furnished
Exterior
Garages
2
Carports / Parkings
4
Security
Yes
Flatlet
2
Sizes
Floor Size
337m²
Land Size
779m²
Extras
Breakfast Nook • Built In Braai • Driveway • Open Plan Kitchen • Perimeter Wall • Conventional • Wood Window

Summerstrand, Port Elizabeth

Gqeberha boasts some of the cleanest and safest city beaches in South Africa. More than 40 kilometers of sun-splashed sand, rims the coast along Algoa Bay.  Hobie, Humewood and the Blue Flag King's Beach, are a few of the beautiful beaches adorning our beautiful area.  The new Boardwalk development is the latest attraction for locals and visitors alike.  It comprises a casino, 140 key 5-Star Boardwalk Hotel,...
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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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
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Monthly Payment

27,092.68

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