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R1,650,000

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Monthly Levy
R1,000 Excl. VAT
Monthly Rates
R2,500 Excl. VAT

Prime Commercial/Industrial Sectional Title Property in Prospecton

This prime commercial realty is located in Durban’s South Industrial Basin. Isipingo Industrial, Prospection.

The nearest amenities and public facilities are located in the neighboring suburb, Amanzimtoti. Situated within a 3km radius is the Kingsway Hospital, Amanzimtoti Primary School, The Galleria Mall. Directly South of Southgate and running along the N2 is the newly developed Arbor Town Commercial and Retail precinct.

The factory which is sectional title, currently occupied, borders the adjacent golf course. Includes mezzanine, 2 offices, 2 x roller shutter door, 2 x toilets. Extent - 226 sqm, 3 x phase electricity. Parking accommodates 3 cars.
Rental income currently R 18,000 p/m for the next year/s to come. Current owner/ tenant has occupied the same space for the last decade, having spent considerable cost on the newly extended mezzanine (180 sqm), consolidating their business interests from the previous sold factory in the same sectional title complex, they have no immediate intention of relocating.

Amanzimtoti is a coastal town just south of Durban, KwaZulu-Natal, South Africa. According to local legend, when the Zulu King, Shaka, led his army down the South Coast on a raid against the Pondos in 1828, he rested on the banks of a river. When drinking the water, he exclaimed “Kanti amanzi mtoti” (isiZulu: “So, the water is sweet”). The river came to be known as Amanzimtoti (“Sweet Waters”). The Zulu word for “sweet” is actually mnandi, but, as Shaka’s mother had the name Nandi, he invented the word to replace mnandi out of respect not to wear out her name. Locals frequently refer to the town as “Toti”

The town is well known for its warm climate and numerous beaches, and is a popular tourist destination, particularly with surfers and the annual sardine run attracts many to the Tyron Beaches.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
226m²
 
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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

21,804.87

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