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R8,700,000

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R6,000 Excl. VAT

Introducing a lucrative investment opportunity in the heart of Merrivale, Howick

Prime Location: Nestled in Merrivale .This location offers an idyllic lifestyle for residents and attracts tenants seeking convenient living experience.

Spacious and Well-Designed Units:The block comprises 20 units, each boasting a generous size of 57 square meters. With 2 bedrooms featuring built-in cupboards, well-appointed kitchens with ample storage space, open plan lounge/dining rooms, fitted kitchens, family bathrooms and toilets, balconies, and under-cover parking, these units are designed to provide comfort and convenience for tenants.

Fiber Connectivity: Stay ahead of the digital age with fiber connectivity available throughout the block. This high-speed internet access is a sought-after feature for residents, catering to their growing online needs and enabling seamless connectivity.

Security: The property offers access control measures, ensuring the safety and well-being of residents.

Efficient Utility Management: Each unit is equipped with a pre-paid electricity meter, empowering residents to effectively manage their electricity consumption and expenses. Additionally, the water meters allow for monitoring of water.

Proximity to Amenities and Easy Access: Residents will relish the convenience of having various amenities within walking distance. Whether it's shopping centers, recreational facilities, or healthcare services, everything is easily accessible. Moreover, the property's close proximity to the N3 highway ensures effortless travel in and out of the area.

By capitalizing on these key features, this block of flats in Merrivale, Howick presents an exceptional investment opportunity. Act now and arrange a viewing to witness the potential rental income and overall suitability of this property for your investment goals.

Don't miss out on this chance to secure a prosperous future in the thriving Midlands region.

Features

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Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
1,140m²
Land Size
1,842m²

Merrivale, Howick

Although Merrivale is a suburb of Howick, it is considered its own village and is situated in the Midlands to the southwest of Howick. Merrivale offers a country lifestyle with its tree-lined streets and prolific gardens. Climate in the Midlands Summers are hot, with an average temperature of 30 °C. Winters are cold and dry, with the temperature dropping to an average of 6°C. Frost is not uncommon during these...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group 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

123,565.63

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