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R3,900,000

Income Opportunity!!

The property includes 2 Houses situated in a quiet area within walking distance from Welgelee Shopping Centre. Four rain water tanks supply water to the showers and grey water to the toilets on this 940m2 stand. Good rental income from either unit or both.

Main House 3 Bedroom house with 1 en-suite bathroom including kitchen, dining room, air-condition, living room with a fire place. A guest bathroom and toilet. Attractive laminated flooring in bedrooms and tiles throughout the remainder of the house. Separate laundry room. A little TLC needed.

Second Building Consists of 8 en-suite flatlets (shower, basin and toilet) with a separate electrical meter, tiles and build-in cupboards. Single parking are included for each tenant behind the gates.

The building attracts a rental income of R36 000.00 per month, presently on month-to-month contracts. Ideal for student accommodation.

Please note that the selling price excludes VAT. Call me now for an opportunity to view this property.

Features

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Zoning:
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Exterior
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Sizes
Land Size
940m²
 
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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

51,538.79

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