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STUDENT ACCOMODATION

Housing up to 210 students as per last lease with Dut
7 storey building in excellent condition and well maintained with necessary staff and infrastructure situated with is student compliant as per the previous lease
Situated close point waterfront precint and on bus and taxi routes
- Ground floor has security /reception/office plus large study area and 12 single/ double rooms with communal kitchen and showers large yard and 10 open parking bays plus sep single storey building
1st floor has large recreation area plus 12 single/double rooms communal kitchen and showers
2nd floor 2x 3bedroom with own kictchen and bathrooms , braai area plus 8 rooms with communal kitchen and showers
Floors 3 to 7 have 30 Self-sustaining flats all with their own kitchens and bathrooms
comprising 15 x 3 bedrooms flats with and 15 x 2bedroom flats from floors 3-7
building is student compliant as per previous lease with wifi , lift, fire detectors and security
excellent rental income as per previous leases

Features

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10
Title:
Freehold
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
988m²
Building Height
7m
Parking Bays
Open Parking Bays
10

Point, 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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In the news

Durban's finally making a point
Durban’s Point Development began with a bang, and has whimpered ever since. Stalling, indecision, and the latecomer to the mix, the National Credit Act, all conspired to ensure that the Point was never made. But...
 
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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

440,291.32

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