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R3,800,000

Monthly Bond Repayment R41,180.87
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R800

Developer's Dream

SOLE MANDATE

This property is the ideal investment for a developer. This property is zoned community residential and has previously had permission to have 5 units built on the property. A sectional title registry can be opened and plans for a further 5 to 10 units can be submitted. All compliance certificates are available for example NHBRC and Engineers certificates.

The first unit has been completed and is presently being run as a successful income generating 5 star rated BnB which is registered on 6 accommodation sites.

This beautiful 3 bedroom home is being sold fully furnished with all the linen and appliances included. The Guest house spans over 4 levels and the unique open plan design of the house takes advantage of the sloping plot and the wonderful sea view. It's a multifunctional space with a natural flow. This 2568 meter plot is perched on top of the valley overlooking the Mpambanjoni river and Scottburgh main beach. This home has 7 meter high ceilings and large airy rooms and expansive balconies making it the ideal place to relax and soak up the stunning sea views.

Downstairs there are two bedrooms one of which is en suite and there is a family bathroom, a spacious balcony, a sparkling splash pool and sea views.
A lovely wide staircase connects the levels . On the mezzanine level where there is a large modern and sunny kitchen with all the appliances you need. Follow the stairs up another level to the wonderful large living area and guest toilet and an upper balcony with great sea views. One floor up there is a large loft bedroom.

If you are looking for a retirement or small development investment this property is ideal for you. With the Renishaw precinct development project underway this area is about to explode. There is great potential for a dive center with a dozen or so lodges. Boats can be launched right into the sea from the property on a short road under the old main road to the lagoon / sea which is only 500 meters away. Just down the lane sharing a common border is
the Crookes wildlife nature reserve. Situated only 45 Kms from Durban and 2kms from Scottburgh center.

Enjoy sundowners on the deck whist you admire the sea view and watch the fish eagles, pigmy duiker and mongoose or the hundreds of tiny birds nesting in the Raffia palm tree. This home is situated in the middle of all the main attractions, gorgeous sunny beaches, windsurfing and top class golf courses and world class diving at South Africa's famous world class Aliwal shoal. Just sitting on the upper balcony watching the whales, windsurfers and dive boats is what it is all about. This home offers privacy and a peaceful secure surroundings.

Call us to view this once in a lifetime development property.

Features

3
2.5
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
1
Security
Yes
Pool
Yes
Sizes
Floor Size
250m²
Land Size
2,572m²

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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:

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Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

41,180.87

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