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R4,300,000

Monthly Bond Repayment R41,495.93
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R2,185

Income Producing Property. Block of flats with potential to expand.

a Prime location in a solid growth area. Business opportunity!! This well maintained investment with present good return and possibility of excellent return up for grabs.

Comprising 3 x 3 bedroom units, 9 x 2 bedroom units, 2 x 1 bedroom units and a hall presently rented to a church. Present rental income R40k+ pm . A storeroom and unused porch could be developed into another 3 units. Yard space exists to develop another 8 units. Access control and secure walled property.

Don`t miss out on this excellent opportunity!

Features

6
3
Interior
Bedrooms
6
Bathrooms
3
Kitchens
1
Studies
6
Furnished
No
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
1,265m²
Land Size
3,530m²

Cradock, Cradock

Permanent water diverted from the Orange River has given stability that many other rural areas lack in that the periodic devastating droughts are made less severe by the Lucerne and maize that is grown and that the farmers are able to produce winter grazing for their animals. The water has also enabled them to branch out into other farming enterprises such as dairy, ostrich and vegetable farming. Our prosperity...
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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.

R
R

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

41,495.93

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