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R7,200,000

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R7,000 Excl. VAT

ENTERTAINERS DELIGHT FOR SALE! CALLING ALL INVESTORS!

Property usage is currently listed as business/retail/office/entertainment/restaurant, zoned as General Residential. Current gross income is R46 000 per month, potential to earn between R65 000 and R75 000 per month. There are three shops downstairs. The first shop is a take away with a tikka braai outside, the second is a cellphone shop and the third is a hubbly bubbly store. All located on the ground floor. On the first floor there is a bar area with a lounge, a large open veranda used to set up the bar's restaurant tables, a dance floor, male and female toilets. The kitchen is located at the back of the lounge/entertainment dance floor area. The top floor is currently vacant and can be used for hosting functions, offices, or be converted in a dwelling area if you want to stay on the property. It is approximately 180 square meters and contains four rooms with an enclosed balcony in front and a massive enclosed veranda at the back. There are bathroom facilities on the top floor.

The bonus of purchasing this property is that the current tenants have established their businesses here and the property will be sold with the leases. There are two flatlets at the rear of the property. One is rented out as an office to the bar and the other is used as toilet facilities for the ground floor staff. This property has huge potential and is located in a prime area of Morningside. Please contact Eustacia for further information.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1m²
Land Size
417m²

Morningside, Durban

With it's gorgeous green spaces and breathtaking views of Durban and the Indian Ocean, Morningside is one of Durban's best-loved suburbs. It is predominantly a residential area, with Florida Road and Lillian Ngoyi (formerly Windermere) Road providing bustling hubs of activity for residents to enjoy. It is a suburb in which beautiful homes have been transformed into restaurants, coffee shops and small...
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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%
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GRAND TOTAL:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

95,148.53

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