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R5,400,000

Monthly Bond Repayment R58,520.18
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R2,000

Beachside Income Earning Property

This income earning property is located in a prime beachside neighborhood in Shelly Beach, and a mere 500m walk and your feet are in the sand. The main house is completely private offering 3 en-suite bedrooms plus a study which could be converted to a 4th bedroom. The open plan living area is comprised of a tv lounge, dining and kitchen with separate scullery. There is a large separate second lounge off of this living area which opens out to the braai patio and splash pool. Each bedroom in this home has its own en suite bathroom. The primary bedroom is spacious offering a walk in closet with an ultra modern bathroom, and opens out to a gorgeous garden setting. There is a large room off of the main house which is not yet finished, but could be made into an entertainment space, or an at home office, or even more garages...there are many possibilities for this bonus space.

There are 4 tenanted cottages comprised of 3 x 2 bedroom cottages and a 1 bedroom cottage – which can easily be converted to a 2 bedroom as the shell is built it just needs to be finished. Each has their own little patio & garden area and each has its own electricity meter. There is ample parking for tenants and 1 carport already installed.

Notable extras: The property is well secured with electric fencing all round and an alarm system in the main house. There are 2 x 2200L water tanks, a fish pond which collects rain water that supplies the irrigation system to water the garden. The main house has a system set up to run a generator.

The prime position of where this property is located to not only the beach but also to a wide variety of local schools, hospitals, malls and restaurants will make it very appealing to a prospective buyer and a great drawcard to tenants.

Features

3
3
2
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
3
Kitchens
1
Reception Rooms
3
Studies
1
Exterior
Garages
2
Carports / Parkings
1
Security
Yes
Flatlet
4
Pool
Yes
Sizes
Land Size
2,096m²
Extras
Fibre • Electric Fencing • Alarm System • Flatlet • Water Tanks • Water Feature • Coastal Beach
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson 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

58,520.18

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