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Large, Well Maintained Property (12 En-Suite Bedrooms) - Income Earning Potential!

Situated along a quiet street, and nestled in the heart of Southridge Park, this large, double storey property offers so much potential. Whether you are looking for a large home, a large office or an investment property (long/short term accommodation), look no further - this one is for you!

The main house consists of a large open plan lounge/dining area, a large fitted kitchen (with large scullery or second kitchen), three bedrooms (two en-suite bathrooms), and a family bathroom. The main bedroom leads into a separate study/large walk-in closet, which further leads into the en-suite bathroom. All rooms in the main house are fitted with air-conditioners. The main house is tiled throughout and is fitted with security measures on all doors and windows.

In addition (and attached) to the main house, are nine large, double en-suite rooms, all with built-in-cupboards, separate entrances and fitted with safety measures on all windows and doors. One of the nine rooms is larger than the rest and offers an additional kitchenette and lounge area. Attached to the rooms is a large communal kitchen and lounge - perfect as a communal space, but can be converted into a thirteenth en-suite bedroom. All rooms are tiled throughout.

The property is walled all round, has remote access and can accommodate 10 parked vehicles. The property is fitted with a security system, which will remain. 3 large water tanks service the property, should there be any municipal water shortages.

Should you be interested in buying for investment purposes (long/short term rentals), the property is set up to provide 9 separate living spaces (with large enough rooms to accommodate two people per room), while the main house can be rented out separately, or further divided, to create at least 3 separate liveable spaces.

Nearby amenities include schools, places of worship, transport links and east access onto the N2 and Southernwood.

Viewing by appointment only.

Features

12
12
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
12
Kitchens
3
Reception Rooms
4
Studies
1
Exterior
Carports / Parkings
10
Security
Yes
Sizes
Land Size
1,045m²

Southridge Park, Mthatha

Introduction Welcome to the city of Mthatha, located in the Eastern Cape province of South Africa. Vibrant culture, historical importance and modern facilities make for a unique combination in Mthatha. Whether you intend to permanently stay or are just making a short visit, Mthatha has a friendly atmosphere with numerous activities and attractions. A brief history of the area Mthatha was previously...
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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

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Monthly Payment

49,545.04

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