Exciting Investment Opportunity For Sale in Green Point

R 8,950,000

Can I afford this?
2 years ago662 views
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General Details
Location:
Green Point & Waterfront, Atlantic Seaboard
Description
Ex Guest House/Student Accommodation has now come onto the market. The building is very well located just off Green Point's main road. Used to form part of an international language school and housed their students. Rental income per month easily saw over the R100 000 mark ex VAT (excluding a property management fee of R35 000 ex VAT).

Erf size: 537sqm, Floor Size: 404sqm.
Zoning: GR4

Property Features:

- 13 Bedrooms (Can accommodate up to 39 beds)
- Reception, dining area, lounge and large kitchen
- Balcony with views
- Courtyard with Pool
- 6 Parking Bays

Asking Price: R10 700 000

Property Reference #: CL9014

Agent Details:
Luc Lenferna de la Motte
Annenberg Property Group
Office 2DMatrix8 BridgewayCentury City 7441
Bridgeway
Century City
7441
Id Subtitle 1049690710
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Estimated monthly repaymentR 96,992
Total property loan amountR 8,950,000
Total interestR 14,328,028
Total repaymentR 23,278,028
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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Annenberg Property Group
Selling for 7+ years
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