Seeking Investor

R 2,700,000

Can I afford this?
1 month ago101 views
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General Details
For Sale By:Agency
Dwelling Type:Other
Bedrooms (#):6+
Bathrooms (#):3
Size (sqm):1703
Description
This is an income generating residential property, which will definitely help you with your bond or paying back your investment.

On this large property of 1703sqm, you will find 3 x 2 bedroom units. Each of these units has a bathroom, open plan kitchen and lounge area. There is a communal open parking area. There is also another office space at the entrance.

Unit 1: 2 Bedrooms
Kitchen
Lounge
Bathroom
Unit 2: 2 Bedrooms
Kitchen
Lounge
Unit 3: 2 Bedrooms
Kitchen
Lounge
Bathroom

This property can be rezoned into a commercial property and is in a commercial area. The property has lovely sea views and river views. The large land boasts further potential for another building or commercial site, once rezoned. The property is fenced, and in the CBD of Umkomaas, making it a prime location. Be a landlord or commercial property developer. The choice is yours!

Umkomaas being a famous holiday destination, has all the needs to satisfy its tourist i.e. restaurants, local stores and holiday accommodation, banks etc. Umkomaas is approximately 35 minutes away from Durban and approximately 55 minutes away from Port Shepstone... Best of both worlds!! Its neighbouring towns are Scottburgh and Amanzimtoti, which as well, are fully fledged towns for your convenience. Investing in these areas is well worth it!!

Kindly take note that the information available on this advert has been gathered from different sources. Please also note omissions and errors excepted.

Rates And Taxes: 1000
Property Reference #: 11464

Agent Details:
Safiyya Varden
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban

Id Subtitle 1278863121
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Estimated monthly repaymentR 29,261
Total property loan amountR 2,700,000
Total interestR 4,322,422
Total repaymentR 7,022,422
Interest rate at 11.75% for 20 years *
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Selling for 1 year
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