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R1,549,000

Monthly Bond Repayment R15,205.66
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R575
Monthly Rates
R150

All you ever wanted!! 3 Bedrooms! Secured estate! Perfect position! Priced right!

This duplex is situated in a secured estate close to the N1 en-route to Cape Town and Paarl. It is also close to the main route to Bellville, Durbanville and the northern suburbs in general. Glen Garry and Capegate shopping centres are literally down the road with a Super Spar across the road. High schools and primary schools are in close proximity. The estate has electric fenced perimeter walls and a remote intercom access main gate. The property offers 3 bedrooms on the first level. All the bedrooms have built in cupboards. The main bedroom have an en-suit and the other two bedrooms share the main central bathroom. Downstairs there is an open plan kitchen interlinked with a cum living/dining area. If you walk through the patio door you step into a private enclosed garden area.

This property also have a single garage and 2 parking areas. The property is currently leased and the lease expires on 30 April 2018. If an investor is interested in this property the rental contract has an escalation clause of 10% which will yield a 80+% return on investment. At the current escalation clause the rental income will exceed the total bond and levy expense within 3 years. This property is also perfect for a fully furnished self catering accommodation as there is a major need for similar accommodation as Cape Gate Medical clinic is in close proximity and families of the patients need accommodation nearby. An income of R1000+/day is possible thus at a 75% occupation rate an income of R20,000+ per month is capable. If the buyer would want to occupy the property themselves then occupation will be on 1 May 2018. Don't delay ... contact me today!

Features

3
1
1
Interior
Bedrooms
3
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Garage Bays
1
Carports / Parkings
2
Security
No
Sizes
Floor Size
140m²
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian Realty 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
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

15,205.66

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