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R2,200,000

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Monthly Rates
R1,200 Excl. VAT

Large commercial property available

This property is an excellent investment with rental income already being produced. Further development is an option as well as the erf is only partially developed.

There is an office block with 3 offices, filing room, toilet and kitchenette. There are also four small workshops on 3-phase power, each with a small office, storeroom and toilet. Each building is currently tenanted.

The premises is secure with burglar bars on the buildings and is fenced. Tenants will be responsible for armed response.

Current rental income per month, excluding VAT is R 13,500.00 equalling R 162,000.00 per year.
Rental includes basic municipal charges. Water and electricity consumption is for the tenant's account.
The office block and workshops have separate electricity connections.

Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
323m²
Land Size
2,124m²

East Bank, Port Alfred

Port Alfred lies at the heart of the Eastern Cape’s Sunshine Coast. Its name, which has changed three times since the arrival of the settlers in 1820, indicates that it did not initially come into existence as a holiday resort, as did other villages along the Sunshine Coast such as Kenton on Sea (24 kms south), Boknes and Cannon Rocks (15 kms beyond Kenton along the R72). At the time when the 1820...
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

27,571.89

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