Excellent Investment

R 3,995,000

Can I afford this?
10 months ago559 views
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General Details
Description
What an opportunity to own this quaint village business centre between town, beach and golf course comprising of:-
SHOP 1 (120 sq m)
“Motto Café” A modern, upmarket, selective Restaurant.

SHOP 2 (21,36 sq m)
“Grapevine” Coffee Shop


SHOP 3 (32 sq m)
“Visage Beauty Salon” Reputable Beautician. Been in operation for a number of years.

SHOP 4 (15,5 sq m)
“Visage Beauty Salon” Beautician / Therapist.

SHOP 5 (9,0 sq m)
Office Used/rented by Motto Restaurant.

SHOP 6 (9,2 sq m)
Vacant Was used as Laundrette. Main users were : Stenden Students & Medolino Caravan Park residents.

SHOP 7 (9.2 sq m)
“Visage Beauty Salon” Therapist

PLUS …..
3 charming one bedroomed flats on First floor.
Each has its own little outdoor patio “in the trees” – too delightful sitting with birds!
So tastefully decorated you cannot resist !!
Parking under cover behind a locked gate is available for tenants.

FLAT 1 (47 sq m)
Open plan Kitchen/Dining/Lounge.
Double volume with mezzanine - Bedroom with Shower/Toilet/Basin.
Laminated floors, Built in Cupboards.
Large covered terrace/patio.

FLAT 2 (55 sq m)
Open plan Kitchen/Dining/Lounge.
Bedroom with en suite bathroom – Shower/Toilet/Basin.
Tiled & Granolithic Floors. Built in Cupboards.
Large covered balcony with trellidors.

FLAT 3 (50 sq m)
Open Plan Kitchen/Dining/Lounge.
Bedroom with family shower, 2 basins and toilet.
Built in Cupboards. Oak kitchen.
Covered Balcony and good security.

Property Reference #: 5643094

Agent Details:
Heather Tyson
Lew Geffen Sothebys International Realty
50 Masonic Street
Port Alfred
6170

Id Subtitle 1213558042
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No. of years
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Estimated monthly repaymentR 43,295
Total property loan amountR 3,995,000
Total interestR 6,395,584
Total repaymentR 10,390,584
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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Lew Geffen Sothebys International Realty
Selling for 3+ years
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