R21,000,000
R21,000,000
Monthly Bond Repayment R227,578.48
Calculated over 20 years at 11.75% with no deposit.
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A BLUE CHIP INVESTMENT OPPORTUNITY- BIG BLOCK X 11 UNITS
Immaculate and great investment. Block of 11 x sectional title units. Lock it and leave lifestyle, 24 hours security. Captivating convergence of classic contemporary.
This block is also excellent for extended family . Designer apartment block with panoramic views.. A fusion of style. comfort and luxury. Quality class and chic lifestyle. Luxury lifestyle, yes you can have it all. These units can be sold individually by the investor who purchases the block.
Call now for an appointment to view.
2. Property is sold as going concern (no transfer duty)
3. Land size – 1200 m2
4. Building has 11 units as follows:
• 6 x 2 bedroom units – living area = 90 m2
- 2 bedrooms (main en-suite)
- common bathroom
- open plan kitchen/lounge/dining room
- 1 parking bay
• 3 x 2 bedroom garden units – as above
- exclusive use garden area = 40 m2
• 2 x double storey 3 bedroom penthouses (includes plumbing, electrical, air-conditioning)
- living area = 242 m2 (121 m2 per floor)
- 3 bedrooms on lower level (main en-suite)
- common bathroom for 2nd & 3rd bedroom
- open plan kitchen/lounge/dining room on upper level
- guest toilet
- 2 parking bays
5. Total number of parking bays = 13 (162.5 m2)
6. Total area under cover = 1 600 m2 (including walkways/lift shaft/guardhouse)
7. Selling price = R 25 000 000-00
8. Selling price includes the following for 2-bedroom units ONLY:
- porcelain tiles 60x60 nano polished
- sanitary ware with wall hung Geberit toilets
- Hans Grohe taps & rain showers
- ducted air-conditioning units for each unit (heating/cooling)
- kitchen cupboards with quartz counters & appliances
- BIC’s in bedrooms
- approved building plans
- Kone elevator
9. Market value on completed units (inclusive of VAT & 3.5% agent’s commission):
• 2 bedroom units – R 1 999 000-00
• Garden units - R 2 199 000-00
• Penthouses - R 2 799 000-00 (shell only)
Features
Interior
Bedrooms
24
Bathrooms
22
Kitchens
11
Reception Rooms
22
Exterior
Carports / Parkings
11
Security
Yes
Sizes
Land Size
1,200m²
Musgrave, 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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Disclaimer: While every effort will be made to ensure that the information contained within the Wakefields Estate Agents website is accurate and up to date, Wakefields Estate Agents 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.
