Great Income Earner

R 4,295,000

Can I afford this?
2 years ago2947 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):3
Parking:Garage
Description
This Vat Registered B&B, which currently has longer term tenants is showing a Net Yield of 10%.

The recently renovated house, which has 2 road frontages, 4 bedrooms and 2 en-suites, 2 cottages and an office situated in outbuildings.

The R500k audited Assessed Loss of the CC is another advantage.

Has Pool
Property Reference #: RL4275

Agent Details:
Colin Sher
Prop247
Shop 9E Chartwell Centre
15 Chartwell Drive
Umhlanga Rocks
4320
Lighthouse Road
Uhmlanga

Id Subtitle 937920818
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Estimated monthly repaymentR 46,546
Total property loan amountR 4,295,000
Total interestR 6,875,853
Total repaymentR 11,170,853
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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Prop247
Selling for 3+ years
Total Ads1.03K
Active Ads1.03K
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