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R2,390,000

Monthly Bond Repayment R23,461.28
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Rates
R900

3 Homes in one for the investor! Subsidise your bond or join the hive-living trend!

On the beach side of the N2 within walking distance to the beach, lies this character home comprising of 3 self-contained rental properties, all currently tenanted.
Central apartment: 2 Beds, 2 bathrooms (both en-suite), spacious lounge/dining plus a 20m² loft that can be utilised for extra guests or office. Private garden. Market rental R7500.00 p/m or R1500 p/day in season.
West apartment: 1 Bed, 1 bathroom (en-suite), sunny lounge opening to lovely fully walled and private patio for al-fresco entertaining. Kitchen open plan to dining area plus 20m² loft for office/storage. Private driveway entrance and shaded parking. Current rental: R5500 p/m or R850 p/day in season.
East apartment: 1 Bed, 1 bathroom, open-plan lounge and kitchen plus 16m² loft for storage. Walled patio with pedestrian gate to double shade-port. Current rental: R4500 p/m or R700 p/day in season.
Monthly overheads for all 3 apartments approximately R2500 per month. Waterborne sewage and Schlumberger electricity meter. Telephone lines and DSTV installed in all apartments. Approved plans available for 70m² 4 car garage. Enjoy the short walk to the beach, 24 hr café and more. Short drive or cycle to Island Lake or the Wilderness Village (3km) and Mall (14km). Many surrounding trails and forest walks. Garden is largely indigenous to invite local birds such as sunbirds, finches, kougals, drongos, weavers, wagtails, robins, mouse birds, butcher birds; and the occasional lourie. Swallows and swifts nest here. Trees include a stinkwood planted in 2001, silver oaks, berry trees, Essen woods, strelitzia and a few others. Don’t miss this opportunity to own and earn in sought-after Wilderness.

Features

4
4
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
4
Kitchens
3
Exterior
Carports / Parkings
2
Sizes
Floor Size
260m²
Land Size
1,289m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the 3%.Com Properties website is accurate and up to date, 3%.Com Properties 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

R
%

Monthly Payment

23,461.28

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