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R11,950,000

Monthly Bond Repayment R129,502.99
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R6,000

COMPLEX OF 5 DUPLEXES IN OVERPORT

This is a rare opportunity to acquire a complex of 5 large duplexes in the heart of Overport. Ideal for a large extended family. Sectional title scheme has been prepared and merely requires opening of Sectional register to finalize Scheme. It comprises 4 x 4 bedroom duplexes with 3 bathroom (MES), (1 x 161 sq. mt, 1x 162 sq. mt, 1 x 165 sq. mt., 1 x 170 sq. mt) and 1 x 3 Bedroom duplex of 108 sq. mt. with 2 bathrooms. All with modern finishes. Fully fitted Open Plan kitchen in all with modern granite tops and pantry/scullery section, centre islands, etc that leads to an open lounge and dining area. All fully Air conditioned. The main bedrooms in each unit comes with walk-in closets.

All fully tiled with porcelain tiles, some with laminates and some with bedrooms carpeted on tiles. Secure complex. Parking for over 10 cars with at least 2 parking per unit. Face brick complex with low maintenance. There is one storeroom and domestic quarters. Yard is fully paved with a lovely braai area with awning and a jungle gym. Located close to mosques, shopping centre, schools, etc. Ideal investment for rental income. Investors could open sectional register and resell units individually to capitalize on investment. Investors can call for a private viewing.

Features

19
14
Pets Allowed
Yes
Interior
Bedrooms
19
Bathrooms
14
Kitchens
5
Reception Rooms
10
Studies
5
Exterior
Carports / Parkings
10
Sizes
Floor Size
766m²
Land Size
1,044m²
Extras
Complex of 5 Duplexes ready to open Sectional Title Register. Sectional Title scheme already prepared Size of units are 161, 162, 165, 170 & 108 Sq. mt

Overport, Durban

Durban has an interesting history, Vasco da Gama’s passing in 1497, Lieutenant Farewell and Shaka. In 1823 Farewell took part in a British expedition to Natal and then decided to start a settlement there. He persuaded 25 other British colonists to join him, and in June 1824 he built the first houses. Only four of these original settlers remained with him. In July 1824 he visited Shaka from whom he received a...
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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

129,502.99

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