Restaurant. Property Investment opportunity.

R 3,750,000

Can I afford this?
1 year ago198 views
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General Details
Description
This is set in a sea side village called Umkomaas on the Kwa Zulu South Coast.
The Restaurant is a running operation and supported by locals and divers.
Umkomaas is well known for it's Aliwal Shoal. Roughly 5 kilometres out to sea off the coast of the Village, and half an hour's drive from Durban.

Umkomaas beach for the keen fisher man.
Scottburgh Beach with Life Savers on duty.
Deep sea diving.
Golf Clubs - Country Club - Bowling Clubs.
Shopping Malls.
Pre-Primary - Primary - High Schools
Hospitals - Doctors - Pharmacies.

Rates And Taxes: 3700
Property Reference #: 569

Agent Details:
Lynette Pollock
Fred Lemmer Estates
P.O. Box 323,Scottburgh,4180
Scottburgh

Id Subtitle 1202114615
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Estimated monthly repaymentR 40,640
Total property loan amountR 3,750,000
Total interestR 6,003,364
Total repaymentR 9,753,364
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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Fred Lemmer Estates
Selling for 7+ years
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