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R2,850,000

Monthly Bond Repayment R27,976.84
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Rates
R1,700

Potential B&B, Office Block OR Elegant Home

This double story "Grand Old Lady" has huge potential to be revamped into numerous possibilities.
Situated in the heart of Newcastle close to Hospitals, schools, Newcastle CBD, Newcastle Mall and the busy N11 route.

The property size along with plans for 16 extra units makes it a Developers Dream.
Simultaneously 8 Bedrooms, 8 Bathrooms (6 en suites) ample parking plus location makes it perfect potential B&B or Guest House.

A beautiful Jara wooden staircase and oregan floors adds a "Yester Year Feel" that is rare.
The bedrooms and luxury floors are of double volume.

Also includes, storerooms, a kitchen & pool that needs TLC, built in cupboards, carports for 8 cars, fire place & built in bar.

The property includes the following;

Ground Floor - Quarry tile floor with pine ceiling
Bar (entertainment area)
Lounge
Fire place
Reception or dining room
Guest toilet with basin
Kitchen with scullery

Stairs - Jara wooden

First Floor - Oregon pine floor
King size room with en suite (shower, basin and toilet)
King size room with built in cupboards
Queen size room with built in cupboards
Study room
Complete bathroom
Separate shower, basin & toilet

Second Floor - 3 rooms of suite (shower, basin, toilet, air-con) carpet, built in cupboards

Garage converted into 2 rooms both with a shower, toilet, basin, tile floor


Features

8
8
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
8
Sizes
Land Size
2,297m²
 
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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

27,976.84

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