R8,500,000
R8,500,000
Monthly Bond Repayment R92,115.10
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
R9,212
Block of 20 flats
Each of the 20 flats (57 square meters) consist of 2 Bedrooms with built-in cupboards, 1 Bathroom with bath basin & loo, Open plan Lounge Dining area and Kitchen also with built-in cupboards and stove, with a balcony off the lounge on first floor. Each unit has access to a covered parking bay. Separate water meters and Pre-paid electricity. Rental is R5,800 per flat
This property is Freehold. A perspective Purchaser could sectionalise the 20 flats and sell them separately if required.
The average net profit per month over the last 12 months generated from the rentals would support a bond of +/- R7,083,500.
To convert the property from Freehold to Sectional Title would cost +/- R85,000.
Transfer cost of this purchase would be +/- R817,094.
This means that if you sold the flats for R550,000 each, you'd realise a net profit of +/- R1,600,000.
Features
Interior
Exterior
Sizes
Extras
Balcony • Built-in Wardrobes • Covered Parking • Electric Gate • Open Plan • Tiled Floors • Totally FencedDownloads
| First Floor Plan.pdf | 0 bytes | Download | |
| Ground Floor Plan.pdf | 0 bytes | Download | |
| Plan.pdf | 0 bytes | Download | |
| Side Elevations.pdf | 0 bytes | Download | |
| Cross Sections.pdf | 0 bytes | Download |
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