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R10,700,000

5 Saldanha Street

Monthly Bond Repayment R115,956.66
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R4,577

Discover an uncommon gem: Two stunning coastal residences yielding exceptional returns.

Nestled in the heart of Strand North, where the symphony of the sea sets the tone for a new chapter, awaits a rare opportunity. Merely 220 meters from the primary beach, this captivating property boasts two extraordinary coastal abodes on an expansive 1 427-square-meter plot --a sanctuary like no other, offering opulent living and income-generating potential. The primary residence, an epitome of coastal sophistication, greets you with splendour. Upon entering, polished wooden floors beckon, guiding you towards the heart of the home. Towering ceilings imbue a sense of openness, suffusing each room with light and liberty. Seamlessly connected living spaces flow from the dining area to the lounge, complete with a dual-sided fireplace ensuring warmth both in the living and entertainment spaces (including a pool table) during brisk winter evenings. Summer invites enjoyment on the balcony with ocean vistas, perfect for savouring morning coffee while dolphins frolic on the horizon. Alternatively, entertain beneath the stars, serenaded by the gentle lull of waves.

The expansive kitchen, adorned with wooden accents, is a culinary enthusiast's dream, boasting a scullery, pantry, and not one, but two gas stoves --a marriage of style and functionality. Ascend to the upper level, where the spacious master suite offers a private sanctuary with its en-suite bathroom --a haven for relaxation and rejuvenation. Two additional bedrooms (sharing a bathroom), a versatile music room/office with an attached bathroom, and a covered entertainment area complete the ensemble. Here, a sunlit pool beckons, complemented by a built-in braai for relaxation and amusement. On the lower level, an open-plan lounge and kitchenette adjoin two bedrooms and a bathroom, creating an independent unit ripe for rental. The second dwelling, a charming duplex, serves as an Airbnb hotspot, boasting three inviting bedrooms and two exquisite bathrooms. The living space, graced with tiled floors and lofty ceilings, exudes warmth, anchored by a cozy fireplace. The kitchen is both functional and aesthetically pleasing, featuring a gas stove and scullery. Outside, an inviting patio awaits, featuring a built-in braai for culinary delights and a wood-burning hot tub for evenings of pure indulgence --where coastal breezes and endless horizons await. The second dwelling and two-bedroom unit offer exceptional returns on investment, boasting high occupancy and returning guests. Additionally, a voluminous entertainment space awaits, complete with built-in braai, shelves, and seating --an added bonus for gatherings and festivities. The interiors of both residences are showcases of style and comfort, meticulously curated to perfection. Wood and soaring ceilings seamlessly meld with contemporary accents, crafting spaces as inviting as they are chic.

This is your chance to own a slice of coastal paradise -a dual-property epitomizing the pinnacle of coastal living. Whether as a personal residence or investment, the potential is boundless. Embrace coastal living, revel in luxury, and unlock a steady income stream. This property transcends mere habitation; it's a testament to a life well-lived.

Features

9
6
2
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
6
Kitchens
2
Reception Rooms
3
Studies
1
Exterior
Garages
2
Carports / Parkings
4
Security
Yes
Flatlet
1
Pool
Yes
Sizes
Floor Size
750m²
Land Size
1,427m²

In the news

Pick a Hike in the Overstrand
1. PRINGLE BAY - HANGKLIP MODERATE 3 HOUR HIKE TO THE BEACON AND BACK https://goo.gl/maps/dr6uatUKmo9wEg4U9 This is a moderate hike and needs some fitness to complete as there is a steep climb up to the beacon. The...
 
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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:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

115,956.66

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