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R4,600,000

Monthly Bond Repayment R49,850.52
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R10,514

Introducing a Remarkable Investment Opportunity

Remarkable Investment Opportunity
Welcome to an exceptional property offering a unique prospect for astute investors. This spacious seven-bedroom residence currently operates as a successful guest house, promising versatile and profitable real estate options.

Versatile Holiday Letting: This property is an ideal holiday letting home, allowing you to live on-site while leasing out various sections. It's also well-suited for extended families.

Main Residence Highlights: The main section features an open-plan lounge and dining area leading to a basement office. The fully equipped kitchen boasts granite countertops, a built-in hob, a buffet-style serving countertop, and a solid granite kitchen table. A sizable scullery is plumbed for laundry needs, and three bedrooms are housed in the main residence.

Self-Contained Flatlets: Within the property, three guest units have been meticulously crafted as self-contained flatlets. Each unit is fully equipped for self-catering, offering convenience and privacy to guests. The adjacent flatlet contains an open plan lounge, fully fitted kitchen with breakfast nook, two bedrooms and a third petite lounge which contains a sleeper couch. There is a studio apartment offering a kitchenette, lounge, bedroom and bathroom. Alongside the swimming pool and entertainment area there is another studio room with a fitted kitchenette and bathroom.

Entertainment Oasis: The entertainment area offers a built-in bar, jacuzzi, and a deep covered veranda overlooking the swimming pool area.

Abundant Parking: The property provides ample parking with dual driveway entrances and the potential to create privacy from the main residence. A four-car garage which is partitioned off with domestic quarters...this could be converted back into a six-car garage.

Secure Living: The property is fully secure with electric fencing, CCTV cameras, and the added benefits of an onsite generator and high-speed fiber.

Prime Location: Situated in a highly desirable area, this property offers proximity to popular attractions and stunning ocean views.

An Unmissable Opportunity: This property is more than just a luxurious guest house; it's a lucrative investment waiting for its next owner. Whether you're an investor looking to capitalize on a successful business model or seeking a versatile property for your dream residence, seize this opportunity today. Contact our team now, this is your chance to own a slice of paradise. Contact Irwin or Eustacia today!

Features

7
4
4
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
4
Kitchens
3
Reception Rooms
5
Exterior
Garages
4
Carports / Parkings
6
Security
Yes
Flatlet
3
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
420m²
Land Size
1,012m²
Extras
Accommodation • Air Conditioner • Alarm System • Awning • ADSL • Balcony • Bar Counter • Blinds • Breakfast Nook • Air Conditioning Unit • Built In Bar • Built in Wardrobes • Cooling Fans • Dishwasher Connection • Domestic Bathroom Out Buildings • Double Storey • Dual Living • Domestic Bathroom Bathroom • Electric Fencing • Electric Garage • Extractor Fan • En Suite • Eye Level Oven • Flatlet • Freestanding • Granite Tops • Intercom • Internet Port • Jacuzzi • Laminated Floors • Linen Room • Laundry • Open Plan Kitchen • Oven And Hob • Paveway • Safety Net • Scullery • Secure Parking • Shower Toiletand Basin • Sliding Doors • Storeroom • Totally Walled • Washing Machine Connection • Tiled Floors

Glenashley, Durban North

Glenashley Unveiled: A Blend of Coastline and Urban Comfort Glenashley is a coastal suburb located between Durban North and La Lucia/Umhlanga. It offers a mix of peaceful seaside living and nearby urban amenities. With the Indian Ocean on one side and bustling office parks on the other, Glenashley provides a balance between relaxation and commerce. Historical Insights Umhlanga's history dates...
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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

49,850.52

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