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R38,000,000

Monthly Rates
R51,800 Excl. VAT

BLOCK OF FLATS FOR SALE - DURBAN`S BEACH FRONT

Only serious investors /buyers.... Introducing a complete block of flats for sale. Set on a prime location in South Beach Durban. This former student accommodation with a capacity of housing 231 students is a must to be viewed. Property sold fully furnished.
Seven story high rise with 6 flats per floor. All are still individual, 1- 2- and 3-bedroom units with only Ground, 1st and 2nd floors redesigned and converted into rooms. All three floor have communal kitchens, separate bathrooms and toilets on each floor. Approved and passed to the university specification.
Lift in building, CCVT cameras throughout the building, Fire alarm and alarm with zone board, Biometrics, Laundry, Study Hall, Recreational Hall / TV Room, Office, 3 bedrooms out building, 24 Hour man security, JoJo Tank, WIFI, Parking for +- 10 vehicles and room to create more parking.
In the heart of all amenities. Under a minute walk to the uShaka Marine World, shopping malls, Schools, hospitals, Durban`s famous beaches and beach front, on the bus and taxi route and Durban`s harbour.
Bonus- Property can be used as holiday letting over the festive seasons, leased out as private rental units, or converted into a B&B, Guest House, daily rental, back into student accommodation, back-packer's accommodation or according to owners' desires.
Make an offer and this sought-after block could be yours.

Features

3
8
Zoning:
Commercial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
670m²
Land Size
988m²
Parking Bays
Covered Parking Bays
3
Open Parking Bays
8

South Beach, Durban

Durban at a glance Durban, a coastal city in eastern South Africa's KwaZulu-Natal province, is known for its African, Indian and colonial influences. Refurbished for soccer's 2010 World Cup, the seafront promenade runs from uShaka Marine World, a huge theme park with an aquarium, to the futuristic Moses Mabhida Stadium and The Durban Botanical Gardens.  Durban is known for the idyllic beaches of the Golden...
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10 Things to do Before You Sell Your House
Welcome buyers. Make your front door visible and accessible to buyers. Paint the door, clear debris and clutter from the walkway and yard, mow the lawn and prune hedges. Pot or plant colourful annuals and perennials to attract...
 
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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
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Monthly Payment

539,711.95

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