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R3,259,000

14 GERDINE STREET

Monthly Bond Repayment R35,318.01
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R4,767

GREAT INVESTMENT OPPORTUNITY- SUCCESSFUL STUDENT ACCOMMODATION

Discover the hidden gem of Summerstrand - a meticulously maintained and incredibly secure facility. Tucked away in a peaceful side of this vibrant suburb in Summerstrand, this is a great investment opportunity.

With accreditation from the NMU and all necessary consents and floor plans already in place, you can rest easy knowing that every detail has been taken care of. And if that wasn't enough, rental contracts for the entire academic year are ready and waiting for you to take advantage of.

But that's not all - the MOA for 2024 has already been negotiated, ensuring that your investment is not only secure, but also set to thrive in the years to come.

As you step inside, you'll be greeted by a main house, as well as a manager's cottage. Pre-paid electricity system. Plus, filtered rainwater on standby for emergency use.

Safety is of the utmost importance here, which is why you'll find several state-of-the-art CCTV cameras strategically placed throughout the property, providing you with peace of mind like never before. And with lightning-fast fiber internet and a select DSTV package.

But perhaps the most exciting part of all is that the furniture is included in the asking price - a true turnkey opportunity that allows your investment to start without any hassle.
Don't miss out on this incredible investment opportunity - seize the moment and make this Summerstrand treasure your very own.
Potential income R42 000 and more.

Give Morne or Jenny now a call to view this exciting investment opportunity.

Industry protocol will apply to all viewings of this property. Every effort has been made to ensure the content of this advert is correct, however no responsibility will be borne for any errors or omissions it may contain.

Features

8
4
Interior
Bedrooms
8
Bathrooms
4
Kitchens
2
Reception Rooms
3
Exterior
Carports / Parkings
6
Security
Yes
Sizes
Floor Size
300m²
Land Size
815m²

Summerstrand, Port Elizabeth

Background and Historical Information of the Area Port Elizabeth, often referred to as "PE," is one of South Africa's major coastal cities, and it has a rich history dating back to the early 19th century. Port Elizabeth has been renamed to "Gqeberha" in February 2021, however, it is also known as "the Friendly City" or "The Windy City". Port Elizabeth was founded in 1820 by Sir Rufane Donkin, who named the...
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

35,318.01

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