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R4,980,000

Monthly Bond Repayment R51,402.98
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R2,500
Auction

Investors Dream - 5 Apartments With 15 Bedrooms!

This investment property is situated in the ever popular, quiet residential suburb, of Ramsgate, close to all amenities.

3 storey building, consisting of 5 separate, well fitted and updated apartments, totalling 15 bedrooms, 10 bathrooms,

6 lounges, 5 dining areas and 5 kitchens. All apartments are well sized, fully tiled, nice kitchens with granite tops and the bathrooms are all modern and well fitted.

All move in ready and furnished (except the owners apartment)

There is loads of parking space, a workshop in progress with a room and bathroom. There is a lovely covered entertainment area (perfect for meetings) with a children’s pool which cascades into the main pool, and a built in braai area as well; makes this perfect space for entertaining.

Under the building is a large basement, which is a perfect storage area.

This unique opportunity to own such a potential income generator doesn’t come around often.

This apartment block is perfect for rentals, permanent or holidays, wellness centre, rehab centre, boutique hotel, or even for a large family to buy it, one apartment for each member!

It is a short drive to all the shopping centres, and a mere 2 minute drive to the fabulous beaches, with a ski boat launch site on your doorstep.

Contact us today to view!!!

Features

15
11
Pets Allowed
Yes
Interior
Bedrooms
15
Bathrooms
11
Kitchens
5
Reception Rooms
12
Exterior
Carports / Parkings
10
Security
Yes
Flatlet
5
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
2,591m²
 
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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

51,402.98

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