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R2,100,000

40 Park Road

Monthly Bond Repayment R22,395.02
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,560

Block of flats and semi detached dwelling in Port Alfred

This property consists of 4 blocks of flats and a residential home and is ideal for further residential development. The block of flats consists of four duplex apartments each with two bedrooms, a bathroom and an open plan lounge and kitchen. Create residual income and convert this property into holiday flats or student accommodation for hotel and flight schools. This property has beautiful views and secure onsite parking and could be purchased together with the next-door hotel. Centrally located in Port Alfred, within 300 metres from Port Alfred Primary and High Schools, within a 1km from the CBD, this property offers various option of usage.

Port Alfred is a small town with a population of just under 26,000 in the Eastern Cape province of South Africa. It is situated on the eastern seaboard of the country at the mouth of the Kowie River, almost exactly halfway between the larger cities of Port Elizabeth and East London.

Features

2
1
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Exterior
Garages
1
Sizes
Land Size
2,214m²
Extras
House Style: Contemporary • Views: City • Views: Sea / Ocean • Locality: Close To Schools • Living Area: Open Plan

East Bank, Port Alfred

History In the early 1820's Port Frances and Port Kowie were founded. In 1841 South Africa's first man made harbour was opened here.  After numerous name changes, in 1860, Port Alfred was renamed in honour of Prince Alfred, Queen Victoria's son.   Location Port Alfred is located between 2 cities, Port Elizabeth and East London, on the breath-taking Sunshine Coast of the Eastern Cape. The distance from Port...
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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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

22,395.02

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