SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

R13,500,000

TWO RESIDENTIAL BLOCKS FOR SALE - NEAR ISLAMIC TRAINING COLLEGE

Two established buildings, ideally located in Isipingo near the Islamic Training College, overlooking soccer grounds and tennis courts.
Both in need of upgrading but basics are all in place and ready for renovations and refurbishing.
Building 1 has 30 rooms and building 2 has 37 rooms, which both have the potential to yield approximately R2,000 / person / month, with two persons being accommodate din each room.
Vodacom signage on the building currently yields an additional income R13 300 / month.
These buildings were set up to house students with a potential income of R350 000 per month, plus what a canteen will generate.

ADDITIONAL INVESTMENT OPPORTUNITY
Take advantage of this additional opportunity to purchase the holding company, which is a (Pty) Ltd, which has 12 additional properties as well as numerous unique trading licences, including import and export trading licence, PLUS a unique bank property book debt (bonds) purchasing agreement with one off the major banks, for an additional amount of only R4 million, with no transfer duty or VAT applicable (zero rated)mon the sale.
Owner emigrating. Latest financials and building plans available on request.
Contact us for more details and to view this property.

Features

0
0
Title:
Freehold
Building Name:
4A
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
2,542m²
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Buildings for sale in Isipingo Beach, Isipingo.

Disclaimer: While every effort will be made to ensure that the information contained within the Point Waterfront Realty website is accurate and up to date, Point Waterfront Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

R
R

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

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

176,539.83

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.