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R7,300,000

Monthly Bond Repayment R76,595.69
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R4,600

Incredible instant income generating opportunity

This is a WOW 2911m2 site with sea views and numerous opportunities to capitalise on. Presently a generous income generating property with further ability to increase your return.

This property comprises of 7 to 8 units of which 5 are presently happily tenanted. There are 2, potentially, 3 units that only require finishes. Plumbing & electrical work is completed plus up to date CoC. Finishes already on site will be included in the sale. There is a further +/- 300 m2 level space where a completely new unit could possibly be built with permission.

Ample parking with a huge tandem double lock up garage plus plenty undercover parking. The grounds are in excellent condition with a beautiful communal swimming pool. Store rooms plus laundry facilities are a further plus on this property.

Don't miss out, book your exclusive viewing now to discuss and see the unlimited scope of this incredible investment

Features

11
9
4
Pets Allowed
Yes
Interior
Bedrooms
11
Bathrooms
9
Kitchens
1
Exterior
Garages
4
Carports / Parkings
10
Security
Yes
Pool
Yes
Sizes
Floor Size
1,373m²
Land Size
2,911m²
Extras
Laundry • Built In Braai • Security Gate • Views: Sea / Ocean • Locality: Close To Beach • Locality: Close To Schools • Locality: Close To Shops • Locality: Close To Transport • Living Area: Open Plan • Kitchen: Standard • Heating / Cooling: Electric • Pool: Inground • Garaging / Carparking: Double Lock-up • Land Contour: Flat To Sloping • Condition: Renovator • Window/door Frames: Aluminium • Water Supply: Town Supply • Sewerage: Mains • Outdoor Living: Garden • Garaging / Carparking: Off Street • Condition: Good

Athlone, Durban North

It's cosmopolitan, its sophisticated it's trendy, it's Umhlanga - the leisure capital of Ethekweni. From the Umgeni River to luxurious La Lucia is Durban North, a grand timeless suburb with beautifully lush greenbelts, parks, and tree-lined streets.  Mount Edgecombe is home to some of the most secure, upmarket residential estates. These 3 areas are closely located, enabling residents to enjoy every...
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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

76,595.69

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