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GOLDEN OPPORTUNITY FOR DEVELOPERS AND INVESTMENT BUYERS.
R 2,650,000
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26 days ago48 views
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General Details
Description
EXCLUSIVE SOLE MANDATE
Situated on a corner stand close to Hope street, this property offers a few options.
There are two dwellings on this 998m² stand:
1. An 86m², one bedroom, one bathroom home which includes a 15m² stoep.
2. A 204m², four bedroom and two bathroom home which includes a 65m² stoep.
The one-bedroom home has tenants with a monthly income of R5 000. It is a separate dwelling which is totally fenced.
The four-bedroom home is currently vacant and can either be renovated and rented out with a possible income of +- R14 000 per month or it can be used as a business premises, because commercial rights can be obtained or it can be demolished to build a two storey block of flats. Endless possibilities!
Rates And Taxes: 1480
Property Reference #: 2989
Agent Details:
Willem Otto
Franco Properties
21 Courtenay Street, (Opposite Outeniqua Hoerskool) George, South Africa
George
Situated on a corner stand close to Hope street, this property offers a few options.
There are two dwellings on this 998m² stand:
1. An 86m², one bedroom, one bathroom home which includes a 15m² stoep.
2. A 204m², four bedroom and two bathroom home which includes a 65m² stoep.
The one-bedroom home has tenants with a monthly income of R5 000. It is a separate dwelling which is totally fenced.
The four-bedroom home is currently vacant and can either be renovated and rented out with a possible income of +- R14 000 per month or it can be used as a business premises, because commercial rights can be obtained or it can be demolished to build a two storey block of flats. Endless possibilities!
Rates And Taxes: 1480
Property Reference #: 2989
Agent Details:
Willem Otto
Franco Properties
21 Courtenay Street, (Opposite Outeniqua Hoerskool) George, South Africa
George
Id Subtitle 1271678442
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Estimated monthly repaymentR 28,719
Total property loan amountR 2,650,000
Total interestR 4,242,377
Total repaymentR 6,892,377
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Franco Properties
Selling for 7+ years
Total Ads102
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