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GALLERY

R5,000,000

24 Izingolweni

Monthly Bond Repayment R54,185.35
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,250

Small holding with loads of potential in Banners Rest, Port Edward

This 2.3694-hectare property is situated on the Izingolweni Road with road frontage. The property has commercial, residential and agricultural rights. On the residential side the property offers 10 flatlets which are suitable for single working-class people with pre-paid meters. There are 2 ponds/dams with a natural running spring.

There is also Municipal water supply as well as 2 x JoJo tanks with pumps. On the commercial side there is a liquor store and Tavern, licenced and rented out at this point. There is also a Vslots licence and Abbatoir permit. The current owners generate a rental income of about R450 000 per annum. This property has a lot to offer and is a fantastic income generator.

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2Ha

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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
 

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Monthly Payment

R 

54,185.35

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