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R2,750,000

Monthly Bond Repayment R29,801.94
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R2,638

3 BEDROOM WITH INCOME GENERATORS

This is a must-see gem located at the top end of Moore road. The asking price is already under the rental income on this property that is divided into 3 independent sections. A commercial unit which brought in R15000pm income, A main 3 Bedroom house and a granny cottage.

The Main house is 3 Bedrooms all with their own bathrooms. The main bed is extremely generous with a large tub and very spacious shower. Both the other bedrooms are also very spacious. The Kitchen is a combination of gas and electric, has an under-counter oven, breakfast nook and this leads into a laundry area or possibly scullery for the Kitchen. There is also an amazing lounge and dinning area, the dinning area leads out to a deck that overlooks a sparking pool. There is adequate space in the yard.

The Commercial section of this property is renovated, air-conditioned, painted, gleaming floors, plumbing available in every room and has amazing road frontage. It Is configured as a 3-room office with 2 toilets, kitchen and a very generous reception area/ boardroom space. It has its own private entrance and running off a pre-paid electricity meter. This section also has adequate parking and the entire property and caters for 9 vehicles, 3 via an automated garage and a further 6 in the drive-in access. Further parking could be created as needed.


There is also separate 1-bedroom domestic accommodation and an income generating flatlet that currently has a long-standing tenant paying R 4800pm(own prepaid meter)

This property has a conservative income of R 31 800pm! It will be very hard to find value like this and if you have the vision this property could generate more income very easily.

Bonus on this property is Solar Power which keeps the property up and running during loadshedding, all 3 sections are independent for privacy and extremely reasonable rates at R2638.

Features

3
3.5
3
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
3.5
Kitchens
2
Reception Rooms
2
Studies
1
Exterior
Garages
3
Carports / Parkings
6
Security
Yes
Flatlet
2
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
877m²

Glenwood, Durban

Nestled in the heart of Durban, Glenwood is a vibrant and culturally diverse suburb that embodies the perfect fusion of historical charm and modern living. Known for its tree-lined streets, beautiful architecture, and lively community spirit, Glenwood offers residents and visitors a delightful experience with its blend of cultural richness, recreational opportunities, and convenient amenities. Historical...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
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
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

29,801.94

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