CommercialProperty in Shelly Beach For Sale

R 8,500,000

Can I afford this?
1 year ago193 views
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General Details
Location:
Size (sqm):3500
Description
BEACHFRONT INVESTMENT NOT TO BE MISSED

Do you want to retire and augment your income? Out of bed, and onto the beach.

This self-catering holiday complex is a popular holiday destination in Shelly Beach, literally 3 minutes to hospitals, local malls and schools. There are 9-tiled cottages, with 22 bedrooms and 13 bathrooms all-in-all, each having an open planned kitchen, each unit having different combinations of bedrooms and bathrooms, some having their own covered patios, with their own braai areas. Live in the large cottage, over-looking the ocean and make a comfortable income from the others.

A fenced communal swimming pool, an office, staff courters, laundry room. The complex is fully-walled with back-up water. There is a covered, communal braai area that over-looks the ocean.

The property is sold excluding VAT and as a going concern. View by appointment only. Call me on my shell phone !!

Rates And Taxes: 4200
Security Features: Access Gate
Property Reference #: 3750475

Agent Details:
Liz Foster
KZN South Coast
Port Shepstone

Id Subtitle 1162496557
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Estimated monthly repaymentR 92,116
Total property loan amountR 8,500,000
Total interestR 13,607,625
Total repaymentR 22,107,625
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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KZN South Coast
Selling for 3+ years
Total Ads1.06K
Active Ads1.06K
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Contact Chas Everitt
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