Block of Flats For Sale In Umbilo

R 5,495,000

Can I afford this?
6 months ago354 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
Dormehl Phalane Glenwood presents this well maintained block of flats located in Umbilo, fully tenanted. The kitchens has built-ins with stove & oven. Bedrooms with built-in wardrobes. All rooms have en suite bathrooms

A secured parking for +10 vehicles. Two entrance/exits for cars (electric remote and manual gates)

It's located near King Edward Hospital, Queensmead Mall, Motor Licensing, University of KwaZulu-Natal University-Medical School, China Plaza, Chester Meat Wholesale, Durban Primary School, Glenwood Christian School etc

Best for investment
3X3 Bedrooms with 2X bathrooms
4X 2Bedrooms with 2X bathrooms
1X1 bedroom with en-suite bathroom
1X1 studio apartment
1 domestic quarters
3 pull up garage
No levies
Rates: R1 900

TOTAL INCOME R58 000pm
Two bedrooms R7000pm
Three bedroom R7500pm
One bedroom R5000pm
Bachelor R3000pm

Possible R100 000 rental income if converted into student accommodation.

Near UKZN medical school, Queensmead Mall and other shops , easy transport access, King Edward Hospital.

Property Reference #: DPR1340

Agent Details:
Sandile Duma
Dormehl Phalane Property Group
3 Oslo Building
394 Ester Roberts Road
Glenwood
Durban
4001

Id Subtitle 1241218548
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Estimated monthly repaymentR 59,550
Total property loan amountR 5,495,000
Total interestR 8,796,929
Total repaymentR 14,291,929
Interest rate at 11.75% for 20 years *
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Dormehl Phalane Property Group
Selling for 3+ years
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