Ramsgate - Build your own income generating complex with ocean views

R 958,000

Can I afford this?
12 days ago21 views
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General Details
For Sale By:Agency
Description
Don’t miss the chance of a lifetime to view this lovely big stand with ocean views. It is situated in the lovely and secure village of Ramsgate in Kwa-Zulu Natal, South Africa.  This stand is walking distance to Ramsgate main, Blue Flag Beach, Whale deck and restaurants Close to schools, shopping centers and even Margate airport.
With building rights for a complex,  3 stories high with above basement parking, residential units or even with special consent a Retirement Village you can create an extraordinary opportunity to generate a huge income.

Property Reference #: 7002001-31888

Agent Details:
Alet Smit
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274190784
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Estimated monthly repaymentR 10,382
Total property loan amountR 958,000
Total interestR 1,533,660
Total repaymentR 2,491,660
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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EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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