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R2,650,000

Monthly Bond Repayment R27,805.28
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R2,400

Investment property for sale

Listing updated 05/11/24
Greetings and welcome to my listing. I am Dolla, a dedicated real estate agent specializing in the vibrant South Coast market. Thank you for choosing to explore one of my featured properties. It would be my utmost pleasure to guide you in discovering your ideal home. I am committed to going the extra mile, sharing moments of levity, and fostering a potential lasting connection. Please feel free to inquire about any queries; I am readily available to assist you in securing the perfect home for you and your family.
INVESTMENT PROPERTY

Welcome to this fantastic complex comprising four apartments, located in the popular holiday town of Margate on the South Coast. This complex presents an excellent investment opportunity for discerning buyers.

Each apartment within the complex features two bedrooms and two bathrooms, providing comfortable accommodation for residents or holidaymakers. The apartments boast spacious patios, perfect for enjoying the coastal breeze and soaking up the sun. The complex also offers convenient laundry facilities and a dedicated braai area, ensuring a pleasant living experience for all occupants.

The location of this complex is truly unbeatable, as it is within walking distance to the beach and all amenities. Whether it's a leisurely stroll along the shoreline or accessing nearby shops, restaurants, and entertainment options, everything you need is conveniently close by.

Inside each apartment, you'll find an open-plan kitchen and lounge area that seamlessly flows onto the patio. For added peace of mind, burglar bars are installed, offering optional security measures. The main bedroom of each apartment is en-suite and features sliding doors that open onto the patio, creating a pleasant connection with the outdoors.

The two upstairs apartments provide an additional layer of security, as they can only be accessed through a locked entrance hall. Privacy and peace of mind are prioritized in this complex.

Each apartment comes with its own lock-up garage, with two of them being automated for added convenience. Additionally, all apartments have been registered as sectional title units, ensuring legal compliance and ease of ownership.

Whether you're looking to generate rental income or establish a coastal getaway for yourself, this complex offers a remarkable opportunity for investors. Don't hesitate to make the call and secure your slice of this lucrative investment. Contact us now to arrange a viewing and seize this great opportunity.

Features

8
8
4
Interior
Bedrooms
8
Bathrooms
8
Kitchens
4
Reception Rooms
8
Exterior
Garages
4
Security
Yes
Sizes
Floor Size
444m²
Land Size
971m²

In the news

🌊 Join Us for a Beach Cleanup Day! 🌊
Call Gert 0844109242 for more info 🗓 Date: Saturday, 21st September 2024 📍 Where: 1 Bank Street, Margate ⏰ Time: 8:30 for 9 AM (2 hours) Let's come together to keep our beautiful coastline pristine! Grab your...
 
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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

 

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Monthly Payment

27,805.28

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