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R2,700,000

Monthly Bond Repayment R28,793.60
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,942

Investment Opportunity: B&B or Student Accomodation

The property is situated in a quiet and safe neighbourhood of Southernwood, East London, with easy access to public transport and essential amenities such as a supermarket, petrol station, and hospitals. The potential buyer of this property is immense, as it can cater to a range of markets such as business travellers, students, and working people. The furnishings and additional amenities add value to the property, making it an attractive investment opportunity for those looking to acquire a well-established B&B or student accommodation.

Furthermore, the property comes with an approved plan to build a double storey at the back, which gives the future owner the option of expanding by adding additional rooms for accommodation. This opportunity allows the new owner to potentially make long-term financial gains. With interest rates increasing all the time, this will benefit the owner by generating additional income and increasing the property value.

The property ensures good security with high walls and electric fencing all around, ensuring that residents can always stay safe within its boundaries with no risk of intruders or trespassers gaining access to the property. This provides peace of mind for the residents. The automated gate and the intercom system is also part of security and a reliable WiFi connectivity to cater to your technological needs.

It also offers a delightful living experience, as each room is thoughtfully equipped with its own TV, a convenient fridge bar, a comfortable bed, a working desk for work or study, and a well-appointed kitchenette. The rooms also feature spacious built-in cupboards. Additionally, the property has transformed the garage into a convenient and practical laundry area. This setup includes washing machines, making your laundry chores easy.

One notable advantage of this house is its provision of a generator. With load shedding challenges that occur from time to time, having a generator ensures that you will have uninterrupted power supply, providing you with peace of mind and convenience.

A must-see!!! Please call Saira now to make an appointment to view this home before someone else snaps it up.

Features

8
9
1
Interior
Bedrooms
8
Bathrooms
9
Kitchens
1
Reception Rooms
1
Exterior
Garages
1
Carports / Parkings
1
Security
Yes
Sizes
Land Size
759m²
Extras
Built In Braai • Alarm System • Security Gate • Kitchen: Original • Main Bedroom: Double • Main Bedroom: Built-in-robe • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 2: Built-in / Wardrobe • Bedroom 2: Additional Info • Bedroom 3: Double • Bedroom 3: Built-in / Wardrobe • Bedroom 3: Additional Info • Bedroom 4: Double • Bedroom 4: Built-in / Wardrobe • Bedroom 4: Additional Info • Main Bathroom: Separate Shower • Laundry: In Garage • Window Coverings: Drapes • Heating / Cooling: Ceiling Fans • Heating / Cooling: Electric • Land Contour: Flat • Window/door Frames: Aluminium • Water Supply: Town Supply • Water Supply: Bore • Sewerage: Mains • Security: Electric Fencing • Security: Intercom

Southernwood, 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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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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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

28,793.60

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