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R2,300,000

11 Svea

Monthly Bond Repayment R24,925.26
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,370

Income Earning Opportunity- Four flats in one!!

*SOLE MANDATE*

Whether it's Air B&B or long term letting you are considering, this property is ideal in so many ways and offers great options all around. Whether you wish to rent out all four flats, live in one and rent out the others, or to run your very own Air B&B , this property will tick the box in terms of location and proximity to the beach, along with sea views, all big pluses for Air B&B. Situated close to both the Uvongo main beach and Lucien Beach, this well positioned holiday home is just a road back from the ever so popular Lilliecrona Blvd, allowing your guests to take advantage and walk, run or ride their bikes along this popular stretch.

The property is made up of the following flats, each with their own prepaid meters and the rental on each includes water.

Downstairs : 1 bed flat with bathroom and kitchenette R 3500
2 bed flat with lounge, kitchen and bathroom R 4500
2 bed flat with bathroom, kitchen R 5000

Upstairs: Very modern, refurbished 1 bed, 1 bathroom , kitchen, lounge, bar area ,covered balcony with jacuzzi and laundry R7000

Total rental income of R20 000

The property has back up water, is on main line sewage, offers sea views, and fully electric fenced all around. Secure parking for up to 4 cars.

Features

6
4
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
4
Kitchens
4
Reception Rooms
4
Exterior
Carports / Parkings
4
Security
Yes
Flatlet
4
Sizes
Land Size
811m²
Extras
Electric Fencing • Back Up water • Jacuzzi • Fibre
 
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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

24,925.26

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