SHELLY BEACH Lots of potential and brilliant investment for any investor

R 4,550,000

Can I afford this?
13 days ago25 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):4657
Parking:Covered
Description
This house in Shelly Beach is a dream come true for any investor or property Developer.  The property have a main house consisting of 4 bedrooms with a seperate 1 bedroom flatlet .
There is a commune with 6 rooms for renting out with a communal dining room/ lounge and kitchen.  There are 2 ablution blocks with is
6 showers.
Added to this property is a lovely big swimming pool with views of the  ocean.
The minimum income with this property is R30 000 a month. But the house is rented out throughout the year and the income can therefore be much higher.
The property have 2 yoyo tanks one for the house and flat and one for the commune.
This residential property offers the possibility  to apply for commercial zoning due to fact that all the adjacent properties have all commercial status

Has Pool
Property Reference #: 7002001-51962

Agent Details:
Lizette Venter
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274185379
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Estimated monthly repaymentR 49,309
Total property loan amountR 4,550,000
Total interestR 7,284,082
Total repaymentR 11,834,082
Interest rate at 11.75% for 20 years *
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EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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