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CENTRAL INVESTMENT AND DEVELOPMENT OPPORTUNITY
R 3,800,000
Can I afford this?
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2 months ago118 views
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General Details
Location:
Description
The property consist of the following:
Great student accommodation potential or convert the office space into apartments for rentals.
The building can provide 40 double rooms and can accommodate 80 students
The income potential is R3500 x 80 = R280 000/month once the property is renovated and accredited
This building is situated on the corner of Havelock and Lawrence street in Central, Port Elizabeth.
In the past, the building provided small retail shops on the ground floor and office space on the first & second floors. The building is currently vacant and requires some maintenance.
Contact us today for a viewing
R3 800 000 PLUS VAT
Property Reference #: ORC437
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
Great student accommodation potential or convert the office space into apartments for rentals.
The building can provide 40 double rooms and can accommodate 80 students
The income potential is R3500 x 80 = R280 000/month once the property is renovated and accredited
This building is situated on the corner of Havelock and Lawrence street in Central, Port Elizabeth.
In the past, the building provided small retail shops on the ground floor and office space on the first & second floors. The building is currently vacant and requires some maintenance.
Contact us today for a viewing
R3 800 000 PLUS VAT
Property Reference #: ORC437
Agent Details:
Sebastien Brazeau
Only Realty
218a Main Road
Walmer
PE
Walmer
Id Subtitle 1265862546
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Estimated monthly repaymentR 41,181
Total property loan amountR 3,800,000
Total interestR 6,083,409
Total repaymentR 9,883,409
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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Only Realty
Selling for 1 year
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