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R15,000,000

50 Arum Rd

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A strong value proposition combined with a great location

Your opportunity to own this established and fully developed complex that has been operational for 20 years. This business owns these properties and generates income through property and land rentals.
The monthly income is stable and predictable, and comprises rental income and levies that contribute to running costs. Full financial disclosure available through consultation with client accountant and these will inform your investment and financing decisions.
The area is primed for growth with exciting new developments in the area highlighting the investor confidence in this section of Gonubie.
The park comprises three erven and is owned through
two legal entities.
The majority of the land in the first entity is vacant. Portion 18 of Farm 800 is vacant while Portion 17 of Farm 800 has two houses and a park-home.


Portion 14 of Farm 800 consists of 29 houses, cottages and park-homes owned by the second entity, all occupied.
It further comprises 31 plots that have structures on (cottages and park-homes) that tenants pay land rental and levies on. These also all occupied.
The water and electricity supply is excellent, having been
supplied by the Municipality as three erven when
established in 1999. Water via 75mm water supply and three separate electricity supplies to the site.
Water, electricity and sewerage all serviced through the
Municipality.


All 63 properties are tenanted. The owners interview
tenants on application, and have established a set of
conduct and occupancy rules.
The area is walled and fenced, and access is via a security
gate. There is a full time manager who lives on site to
attend to day-to-day issues.
Occupation rates are excellent, with little to no historical
vacancies to speak of (owners indicate demand far
outweighs current supply)
Financial information available on request.

Features

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0
Zoning:
Commercial
Exterior
Security
No

Gonubie North, East London

Located halfway between Durban and Cape Town, and at the northern end of The Sunshine Coast, property investors will come home to a city with a seaside lifestyle. A sub-tropical climate compliments golden sun kissed shores, where waves soak the sand on pristine, uncommercialised beaches. In East London, there is a place for everyone to call home. If your budget and lifestyle is conducive to luxury living, suburbs...
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Market value

R15,000,000

Offers from

R13,000,000

Offers for this listing must be made in R100,000 increments. More Info

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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

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%

Monthly Payment

208,753.42

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