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R1,650,000

Monthly Bond Repayment R17,881.17
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Levy
R0.0
Monthly Rates
R856

Business Opportunity  - Property Portfolio

Business Opportunity  - Property Portfolio 

Considering establishing a home-based business or venturing into student accommodation? Perhaps constructing a block of flats for rental purposes appeals to you? With 2033 square meters of space, this property offers abundant room to meet all your investment requirements.


Student Accommodation is perfect for this property as it is 2.6km away from Mangosuthu University and is on an existing bus route.

This two-story family residence features four spacious bedrooms, including two with built-in cupboards, along with two bathrooms. The open-plan living area extends onto a balcony, offering a seamless indoor-outdoor flow. Upstairs, a fully equipped kitchen boasts ample cupboard space and granite countertops.

On the lower level, you'll find two bedrooms, one bathroom, an open-plan living area, kitchen, and a garage. A sizable carport separates the main house from the flatlet, which comprises two bedrooms, one bathroom, a living area, and a kitchen.

Currently, the flatlet and the lower level of the main house are rented out, providing additional income to assist with bond repayments.


Close to the Prospecton Industrial and Isipingo business area .
 Don't miss this opportunity , give me a call to view.

Features

4
2
1
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Carports / Parkings
1
Security
Yes
Flatlet
2
Sizes
Land Size
2,033m²
Extras
24 Hour Access • Air Conditioner • Alarm System • Balcony • Garden • Granite Tops • Security Gate • Built in Wardrobes • Burglar Bars • Curtain Rails • Driveway • Tiled Floors • Totally Walled
 
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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

R
%

Monthly Payment

17,881.17

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