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R3,250,000

Monthly Bond Repayment R31,363.20
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Large family Home with 7 flatlets

Large family home situated in Illovo beach, this home offers spectacular seaviews
The home has an open plan design with ample entertainment area's, family room with a large built in bar and farm style kitchen with a large walk in pantry. The home offers a large upstairs area which can be divided into 3 bedrooms with a balcony
The home is just waiting to be further developed and upgraded and is ideal for a renovator's dream

This property is ideal for redevelopment either into a holiday retreat or due to its zoning to a restaurant close to the beach. With the popular Aliwal shore in close proximity the property could be utilized as a backpackers
The property has 7 double en-suite rooms which can be utilized as a bed and breakfast or self catering units

The land is 3490 sq. m. and offers an opportunity for further development

Cal today view this outstanding opportunity

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

7
7
1
Interior
Bedrooms
7
Bathrooms
7
Kitchens
1
Reception Rooms
4
Studies
2
Furnished
No
Exterior
Garages
1
Carports / Parkings
1
Security
Yes
Pool
Yes

Illovo Beach, Amanzimtoti

Amanzimtoti is a stunning seaside town on the KwaZulu-Natal coast, 25 kilometres to the south of Durban. Amanzimtoti is a popular town for real estate and property investors who are looking for a holiday house close to Durban or for the more affluent businessman who commutes to Durban daily. The greater Amanzimtoti area maps and links include Astra Park, Athlone Park, Doon Heights, Doonside, Ezimbokodweni, Illovo...
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As a South African, you're part of a rich tapestry of cultural diversity. This is the essence of Heritage Day, a time to celebrate everything that makes us unique. Whether you dance to Nkalakatha, move to John Cena or groove to...
 
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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

31,363.20

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