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R2,150,000

32 Arkhon Street

Monthly Bond Repayment R22,928.24
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,084

Summerstrand property, student accomodation.

This student accommodation property boasts sustainable finishes throughout, durable face brick and versatile double roman cement roof tiles for easy roof maintenance. Surrounded by spacious garden and courtyard areas providing a pleasant open atmosphere. Security aspects include a fully enclosed perimeter, camera surveillance and a main driveway entrance sliding gate and motor ensuring controlled access. Inside the property offers 3 bedrooms that can be shared or occupied as single private rooms of which the main bedroom has a spacious en-suite, in addition there is a living area that has been converted into a fourth bedroom with it's own separate entrance. A communal bathroom services all remaining bedrooms.

Notably three of the bedrooms have separate external access to a communal patio allowing additional socializing or relaxation which feeds off an indoor braai/dinning room. Open plan lounge and modern kitchen equipped with scullery for dishes, washing etc. For vehicle owners, a spacious double garage is available accommodating two cars and consideration for expansion with proper permissions. In addition a flatlet attached to the main dwelling with two bedrooms with there own separate entrances sharing a kitchen and bathroom unique to these two rooms.

Secure on-site parking is provided behind locked gates ensuring the safety of vehicles. The property's advantageous location near the university's new entrance makes it an excellent investment opportunity and a lucrative source of income right from the start. Currently there are leases in place which transfer to new owner upon registration all running until the end of the relevant academic year. There are various options available in terms of management, there is written consensus from the relevant entities to function as intended, contents included as per seller's inventory, financial details are available upon request. Create your very own income generating concern, reside and rent or reinstate this property for residential purposes, feel free to contact me for further information on this remarkable opportunity.

Features

6
3
2
Interior
Bedrooms
6
Bathrooms
3
Kitchens
1
Reception Rooms
2
Furnished
Exterior
Garages
2
Carports / Parkings
4
Security
Yes
Flatlet
2
Sizes
Floor Size
337m²
Land Size
779m²
Extras
Breakfast Nook • Built In Braai • Driveway • Open Plan Kitchen • Perimeter Wall • Conventional • Wood Window

Summerstrand, Port Elizabeth

Gqeberha boasts some of the cleanest and safest city beaches in South Africa. More than 40 kilometers of sun-splashed sand, rims the coast along Algoa Bay.  Hobie, Humewood and the Blue Flag King's Beach, are a few of the beautiful beaches adorning our beautiful area.  The new Boardwalk development is the latest attraction for locals and visitors alike.  It comprises a casino, 140 key 5-Star Boardwalk Hotel,...
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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

 

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Monthly Payment

22,928.24

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