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R11,000,000

Monthly Bond Repayment R115,418.16
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R3,600

Solid Opportunity for the Savvy Investor

Kingsgate Mews, a complex comprising of 5 spacious townhouses. The complex is being marketed as a whole offering investors an excellent opportunity to capitalise on lucrative returns. All the units are currently rented out with leases terminating in stages during 2024. The steady demand for rental properties in the area is driven by the easy access location being close to schools, major roads and amenities which ensures that rental returns grow year on year providing a reliable stream of income. The units are currently let out on long term leases however, with Kenilworth's proximity to attractions, major centres and businesses they could also make for appealing short term rentals. All units span over three levels offering ample space for residents.

The complex has secure parking for 12 vehicles, is fully walled and protected with electric fencing and gates. The block offers great potential and any enhancements would certainly show positive returns. Units 2 to 4 measure approximately 151 sqm in size and comprise of kitchen, spacious combined lounge and dining area which opens onto a private patio on the ground level. The first level offers two family bedrooms (one being en-suite) and the other with built in cupboards as well as a full family bathroom. The second floor opens onto a substantial main bedroom with full en-suite and built in cupboards. Unit 1 measures approximately 169 sqm in size and on the entrance level comprises of kitchen, spacious lounge, separate dining room and a larger private patio. The second level houses two family bedrooms both with built in cupboards and one en-suite and both having access to an open balcony. There is also a full family bathroom on this level. The second floor has a large main bedroom with full en-suite and opens onto a private balcony. Unit 5 measures approximately 187sqm in size. The entrance level comprises of the kitchen, combined lounge and dining area and private patio. The second level offers three family bedrooms one en-suite, one with built in cupboards and one opening onto a private covered balcony. This floor also has a full family bathroom. The second floor offers the main en-suite and a fifth bedroom or study. All in all a very attractive complex with huge potential and well worth viewing!

DETAILS:

UNITS 1 – 5
172618 – 172622
1 Bray Road
Land 853 sqm
Floor space +- 811 sqm
16 beds
16 baths
5 lounges
5 kitchens
5 dining areas
Secure parking for 12 cars
Walled and electric fencing
5 patios

Features

16
16
Interior
Bedrooms
16
Bathrooms
16
Kitchens
5
Reception Rooms
5
Studies
1
Exterior
Carports / Parkings
12
Sizes
Floor Size
811m²
Land Size
854m²

Kenilworth, Cape Town

Introduction Kenilworth is an affluent suburb in Cape Town, that stands out because it combines historical attractions and modern amenities. The place offers a unique living experience for families, professionals, and even retirees. Whether you are thinking about moving or just visiting, you will feel at home in Kenilworth. A Brief History of the Area Kenilworth has a rich history going back to the...
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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:

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Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

115,418.16

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