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R2,160,000

Monthly Bond Repayment R23,408.07
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,700

DEVELOPMENT STAND OF 2,1 HECTARE IN PORT EDWARD

A large mostly level and grassed stand bordering on Ramsey and Valley road.

The stand has development rights, and is well positioned for development. On the property is a solid 4 bedroomed home with two bathrooms and a basic kitchen.
The home interior will need to be renovated. A large 4 car workshop which has been built by a stone mason, a well constructed building with two entrances with garage doors, which also has the potential to be a second dwelling.
Two separate staff houses. A single road leads to the compound which is enclosed by an electric fence. The property perimeter is partly fenced, and borders onto the Port Edward golf course.. Sea views from the property are part of the charm of this small holding. .

The property is Just 500 meters from the toll road feeding Durban. well positioned for the development of residential units.

The homestead is solidly built with wooden windows. cement floors, a large lounge with picture windows looking onto a small stream and some natural grassland. A further large workshop of approximately 120sqm meters with two entrances with garage doors and a solid cement floor. Well constructed. The homestead has plumbed in water storage tanks.

Situated in Port Edward which is the shopping hub of the lower south coast. It is the stepping stone of future businesses that will develop with the toll road being extended between KZN and the eastern Cape to cape town, a roadway that will promote business and bring much needed opportunity for the region.

Features

4
2
1
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Domestic Accommodation
2
Sizes
Land Size
21,584m²
Extras
Furniture negotiable - pets allowed.

Port Edward, Port Edward

Port Edward is the southern most town in KwaZulu-Natal and borders the Eastern Cape Province and as with most of the KZN Lower South Coast it has been a favourite holiday destination for seasonal visitors from the interior of the country. In 1925 the original village was laid out and was named in honour of HRH The Prince of Wales, who later became HRH King Edward VIII. Port Edward is...
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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

R
%

Monthly Payment

23,408.07

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