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INVESTMENT/REDEVELOPMENT OPPORTUNITY

An established homestead on large grounds offering a country lifestyle where you can relax under trees and enjoy the tranquillity of living with nature. The split level main house has several bedrooms; study; kitchen; scullery and lounge area with the dining room area opening onto patio overlooking pool, fish pond, dam and the treed garden.
The house has been converted into apartments with additional units added which total ten units. Each unit has two bedrooms (except for two single bedrooms), including living area, kitchen and bathroom. Carport parking is provided for six vehicles in addition to three garages. All units are tenanted producing a solid income stream of R480k per annum. A summary of apartment detail and building plans will be made available to interested parties.
The alternative usage for this property would be Conference Centre, Guest House, Air BnB, Retirement Facility or Student accommodation. The sizeable site of 8,500 square meters offers opportunity for further development to an investor. Give us a call to arrange a viewing.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
920m²
Land Size
8,565m²

Lovemore Park, Port Elizabeth

Port Elizabeth, Uitenhage, Despatch and Colchester (Nelson Mandela Bay) has got everything a visitor expects to find on a South African holiday. The only city that boasts the Big 7 (Elephant, Buffalo, Rhino, Lion, Leopard, Humpback Whale and Great White Shark) within it's municipal boundaries, Port Elizabeth (The Friendly City) is known for its over 40km coast that boast a multitude of Blue Flag Beaches and hours of...
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Families, young buyers drawn to PE value and lifestyle
A quality lifestyle combined with great property value has kept the Nelson Mandela Bay (Port Elizabeth) property market relatively upbeat despite the economic challenges, says Werner Boshoff, manager for Seeff Port...
 
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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

13,215,073.67

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