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R172,000

Monthly Bond Repayment R1,688.43
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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CALLING INVESTORS-BACHELOR PADS IN DURBAN NEAR ESPLANADE

I have acquired 9 units located in Albany Street, near the Playhouse Theatre, adjacent to the Albany Parcade.They are all in reasonable condition, would require repainting and tiling. This unit is located on the 2nd level.
However the body corp. is prepared to sell off units to individual buyers or if all properties are taken by one investor they will throw in two extra units free into the deal.....that is you pay for the 7 yet receive 9 sectional title units. That effectively reduces the market price by R 25 000 per unit.
These units are all already tenanted and rentals are fetching between R 3000 to R 3500 per month......however with some TLC the rental potential is higher than this if the units are done up. There is also great potential to rent them out to students who are paying round R 2000 per month in the area.
Please note that viewing can only take place once all FICA requirements are in place, and proof of funds is submitted to us. You are welcome to meet us at our offices in Glenwood or we will come to you. Please note that prices are reasonably negotiable as they all belong to one Investor who needs funds for another project.
On responding to this ad please quote ref: 14-191

Features

1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
0.5
Exterior
Security
Yes
Views
Yes
Sizes
Floor Size
49m²

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R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

1,688.43

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