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R1,650,000

40 Grand Street

Monthly Bond Repayment R17,312.72
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,626.7

Income Generating Property in Port Alfred

An exceptional investment opportunity awaits on the West Bank of Port Alfred. This extraordinary property features ten bedrooms, each with its own en-suite bathroom, offering comfort and convenience.
The main house presents a thoughtfully designed layout with four separate bedrooms and four bathrooms, providing ample space for a comfortable living experience. An open plan lounge and kitchen along with an entertainment area, creates an inviting atmosphere for residents and guests alike.
Adding to the property's allure is a second building housing an additional three bedrooms, each with its own en-suite bathroom, a kitchenette, lounge and dining area, further expanding its potential for rental income or accommodation options.
Additionally, a third separate building boasts three more en-suite bedrooms, adding to the property's versatility and investment appeal. Embracing the beauty of its surroundings, the property boasts a picturesque outdoor entertainment area nestled within a lush, green garden. ality meets sustainability with the presence of numerous rainwater tanks and a solar geyser, reducing the property's environmental impact and offering cost-saving benefits.
Ensuring utmost security and privacy, each room is equipped with individual security locks, providing peace of mind for residents and guests.
Strategically located in close proximity to Stenden University, and within walking distance to the beach and river, the property offers an ideal location for potential tenants or guests seeking convenience and access to various amenities and attractions. Moreover, the town center is just a short 10-minute drive away, further enhancing its appeal and accessibility. This one-of-a-kind property presents an exceptional opportunity for investors looking to acquire a versatile, amenity-rich asset with great potential for rental income and long-term value appreciation. Make that call now!

Features

10
10
Pets Allowed
Yes
Interior
Bedrooms
10
Bathrooms
10
Kitchens
2
Reception Rooms
2
Exterior
Carports / Parkings
6
Security
Yes
Sizes
Floor Size
384m²
Land Size
2,149m²
Extras
Built In Braai • Alarm System • House Style: Contemporary • Views: Bush • Views: Private • Locality: Close To Beach • Locality: Close To Schools • Locality: Close To Shops • Locality: Close To Transport • Living Area: Open Plan • Main Bedroom: Double • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 3: Double • Bedroom 4: Double • Bedroom 5: Double • Bedroom 6: Double • Bedroom 7: Double • Main Bathroom: Separate Shower • Additionals: Electrical Satellite Dish • Outdoor Living: Garden • Outdoor Living: Washing Line • Land Contour: Flat • Window/door Frames: Timber • Window/door Frames: Aluminium • Water Supply: Town Supply • Water Supply: Tank • Water Supply Tank: Size • Sewerage: Mains • Sewerage: Other

West 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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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:

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

17,312.72

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