THREE ERF, MULTIPLE BUILDINGS, HUGE POTENTIAL

R 5,000,000

Can I afford this?
18 days ago42 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
R5 000 000 EXCLUDING VAT— 40 Park Road, 44 Park Road and 50 Park Road

Three erfs totalling 4 267 square metres and housing multiple buildings in need of TLC could be yours if you have a vision to turn this into something spectacular.
One building comprises four duplex apartments. Three apartments have two bedrooms upstairs with a bathroom, while the third has three. Open plan living downstairs with a lounge/dining area and kitchen.
The erf next door has a semi-detached house that has four bedrooms, two bathrooms, a kitchen and reception room. This dwelling can easily be turned into two separate units.
The corner erf houses four large flats each with two bedrooms, bathroom, kitchen, lounge/dining area and an enclosed porch. A lovely verandah runs the length of the back of the building and is accessed via the kitchen.
All units have garages.
These properties all have distant sea views and large gardens and grassed areas.

Four duplex apartments close to the school with distant sea views.
One of the flats comprise three bedrooms, bathroom, lounge and open plan kitchen/dining area, with the sleeping area and bathroom upstairs.
Three of the flats have two bedrooms, open-plan kitchen / dining area, and separate lounge. Upstairs comprises of two bedrooms and a bathroom.
All flats have their own garage.
Situated close to the Port Alfred High School on the East Bank.
Port Alfred, lovingly known as the heart of the Sunshine Coast, is situated along the east coast and is approximately 150 km from both East London in the east, and Port Elizabeth in the west. Well known for the beautiful Kowie River which is navigable for 27 km, Port Alfred enjoys a temperate climate and mild winters. Home to the Royal Port Alfred Golf Course and Stenden University, Port Alfred has a rich and colourful history.

Property Reference #: 4478801

Agent Details:
Mauneen Charter
Lew Geffen Sothebys International Realty
50 Masonic Street
Port Alfred
6170

Id Subtitle 1273296761
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Estimated monthly repaymentR 54,186
Total property loan amountR 5,000,000
Total interestR 8,004,485
Total repaymentR 13,004,485
Interest rate at 11.75% for 20 years *
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Lew Geffen Sothebys International Realty
Selling for 3+ years
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