Investment opportunity

R 3,500,000

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15 days ago56 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):3503
Parking:Garage
Description
SOLE MANDATE
Investor opportunity!! or enjoy the freedom of space.

Situated in the center part of Pringle Bay, a 40yr old Face brick cottage on a 3503m² stand,-( 2 erven consolidated) (with lots of upgrading and expansion potential)
360° views of all the mountains around Pringle Bay. In walking distance to the beach .
2 Bedrooms and 1 Bathroom.
Open plan Kitchen living area.
Wooden Sliding door that opens up to the front veranda and a braai.
Outside---single precast concrete garage and a room.

Pringle Bay, part of the Kogelberg Biosphere Reserve, in the Overstrand Municipality district in the Western Cape. Pringle Bay, is within an hour's from all main amenities, like Hermanus, Somerset West and surrounds.
Enjoy many outdoor activities, like swimming, hiking, cycling , surfing and lots more.
2 Bedroom
1 Bathroom
1 Garage

# Parking: 1
Rates And Taxes: 1200
Property Reference #: 569

Agent Details:
Martie Kotze
Martie Kotze Properties - Pringle Bay
895 Sidney Rd, Pringle Bay, 7196
Pringle Bay

Id Subtitle 1276788485
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Estimated monthly repaymentR 37,930
Total property loan amountR 3,500,000
Total interestR 5,603,140
Total repaymentR 9,103,140
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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Selling for 7+ years
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