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R45,000,000

Investment property for sale in Grahamstown

Residential gated complex within walking distance to Rhodes University for sale.
The property comprises of a total of 57 units consisting of 1, 2 and 3 bedrooms units.
The total monthly income is approximately R330 000.
The complex is fully fenced with electric fencing.
The complex offers on-site parking for all the units, there are numerous braai areas, washing facilities an wifi.
All units are currently fully let.
There is approximately another 7000sqm of vacant land that could be developed for further cottages.
In addition there is an adjoining erf of approximately 27900sqm which is available for development and is included in the purchase price.
Financial and operating costs available on request.
Selling price R45 million plus VAT.

Features

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Title:
Sectional
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
3,716m²
Land Size
51,862m²
Extras
External Features: Secure parking. Communal swimming pool. Communal garden area. Other features: Electric gate. Perimeter wall.
 
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Disclaimer: While every effort will be made to ensure that the information contained within the SA National Realtors Group website is accurate and up to date, SA National Realtors Group 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.

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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

594,678.32

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