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R38,500,000

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Monthly Rates
R35,461 Excl. VAT

Introducing an Exceptional Commercial Property in Tongaat

This remarkable commercial property offers a unique blend of luxury living and investment potential. This magnificent property boasts a spacious 5-bedroom house with 6 bathrooms, providing ample room for comfortable living. The house includes essential living spaces such as a study, dining room, kitchen, and a convenient scullery. Entertain in style with a pool, a well-equipped bar, and a game room, ensuring endless opportunities for relaxation and social gatherings. Enjoy the picturesque surroundings from any of the 5 balconies that offer stunning views.

But the true value of this property extends beyond its residential appeal. The building also features a lucrative commercial component, making it a prime investment opportunity. The basement houses 3 retail shops, while the ground level offers 2 additional shops. The first floor is a bustling hub with 9 retail spaces, providing a diverse range of leasing opportunities for businesses.

Among the current tenants, you'll find a variety of established enterprises, including Chester Butchery, Dick's Hardware, Rock International Ministries, Tongaat Glass, Mitime Beauty Salon, Madica Venue Hire, Gadla Security, Old Mutual, and SADTU. These thriving businesses contribute to the property's income potential, making it an attractive prospect for investors.

With its combination of luxurious living spaces and a thriving commercial presence, this property represents a unique opportunity to secure a versatile and financially rewarding asset. Whether you're seeking a dream home with potential income streams or a solid investment, this commercial property is a rare gem that offers the best of both worlds. Don't miss the chance to make this property yours – it's a true embodiment of modern luxury and smart investment.

Features

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0
Building Name:
Dicks Centre
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
3,580m²
Land Size
2,443m²

Gandhinagar, Tongaat

Tongaat is a sugarcane growing town in KwaZulu-Natal that is situated on the banks of the Tongati River about 37 km north of Durban and 28 km south of Stanger. It now forms part of eThekwini, the Greater Durban metropolitan area. Tongaat, part of the Sugar Coast, now supports one of the largest sugar-producing districts in the world. Attractions nearby Tongaat include The Dudley Pringle Dam, Maidstone Sugar...
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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

546,813.42

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