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R1,325,000

Monthly Bond Repayment R14,359.12
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R1,251.8

1 Bedroom Apartment For Sale in Point

FANTASTIC RENTAL INVESTMENT OPPORTUNITY!!!!
INVEST IN A UNIQUE LIFESTYLE OPPORTUNITY ... THE CHOICE IS YOURS.
1 BEDROOM APARTMENT FOR SALE - INCLUDES FURNITURE!!
Fantastic up-and-running Airbnb type investment opportunity, located in prime Durban holiday destination. It currently has a permanent tenant in place, if required, or alternatively, convert it into a full blown, lucrative holiday letting apartment, managed by a reputable national holiday and corporate management company.
There is also the opportunity to live in this stylish apartment yourself and enjoy the benefits of living in this sought after and safe, prestigious area of Durban. The choice is your!!
THE DETAILS
Purchase this spectacular apartment, at only R1,345 million, fully furnished
This full equipped, luxury 1 bedroomed apartment, on the 20th floor of the prestigious Spinnaker apartment block, is located in Durban's prime uShaka tourist area, on the doorstep of the Point Waterfront.
The apartment is fully equipped with furniture, appliances & sets of crockery, cutlery, TV & aircon.
Beautifully furnished, the unit is fully stocked with mod furniture and fittings, double beds and a sleeper couch, as well as high speed fibre connectivity and everything else to make a guests stay more comfortable.
There is one internal basement parking bay for the unit.
THE OPPORTUNITY
Apartments is sold with its entire contents !
Currently active as a medium term rental, with a tenant in place . However, short term letting, to holiday and business clients, is a definite option in this great investment apartment, which offers magnificent panoramic, harbour , Berea and city views..
This purchase allows you to seamlessly retain the current tenant, or alternatively, give him 3 months notice to vacate and move in yourself.
Another lucrative option would be convert the apartment into a full time holiday letting apartment and start running a busy and highly successful, Airbnb type rental operation, from transfer onwards.
RENTAL & MANAGEMENT OF THE UNIT
Should you move to the holiday letting investment opportunity, you could choose whether to manage the bookings yourself through the many online portals available, or alternatively, I could introduce you to a reputable national holiday and corporate management company, that will look after everything for you, from securing the clients for you, to the co-ordinating of the bookings, plus the daily management and cleaning of your apartment.
Sit back and enjoy this one-stop service and reap the rewards monthly with your portion of the monthly income being paid directly by the management company to you, within the first 5 days of each month.
The short term rental income has historically provided enough to more than cover management fees, bank loan, rates, levies and high speed fibre internet (already installed), plus it could give you additional funds in your pocket..

PROPERTY FEATURES :

The apartment includes the following:

- 1 bedroom
- 1 en-suite bathroom
- separate kitchen
- lounge / dining area
- fully air-conditioned
- magnificent scenic harbour & city views
- built in cupboards
- 1 secure covered parking bay
- fully furnished
- satellite TV
- fibre

Please contact the agent for a private viewing of this fantastic investment opportunity!!

Features

1
1
1
Interior
Bedrooms
1
Bathrooms
1
Reception Rooms
2
Exterior
Garages
1
Carports / Parkings
1
Security
No

In the news

POINT WATERFRONT PROMENADE OPENING
POINT WATERFRONT PROMENADE OPENING THIS SATURDAY!!!! THE Durban Promenade extension will officially open to the public on this coming Saturday, the 16th November. The mayor, Mxolisi Kaunda, will walk the 8km route from Blue...
 
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Transfer Costs

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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%
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GRAND TOTAL:

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MONTHLY REPAYMENTS

 

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Monthly Payment

14,359.12

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