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R2,500,000

51 7TH AVENUE AVENUE

Monthly Bond Repayment R26,660.74
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,847

CALLING ALL INVESTORS! IDEAL UPMARKET STUDENT RESIDENCE

This perfectly situated corner plot premises has 12 rooms / 13 tenants (1 sharing room with 2 tenants) 3 bathrooms. Spacious kitchen and Living area, laundry and outside patio, braai area in the enclosed garden area.
Fantastic return and income on this property. Currently the property generates an income of:
4 Rooms @ R3000pm = R12 000
6 Rooms @ R1950pm = R11 700
1 Room @ R1600pm = R 1 600
1 Room with 2 sharing = R 1 600

TOTAL INCOME: R 26 900
Don't miss out on this great business opportunity call Jenny or Morne now to arrange your viewing.

Industry protocol will apply to all viewings of this property. Every effort has been made to ensure the content of this advert is correct, however no responsibility will be borne for any errors or omissions it may contain.

Features

12
3
Interior
Bedrooms
12
Bathrooms
3
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
2
Sizes
Land Size
802m²

Newton Park, Port Elizabeth

Background and Historical Information of the Area Port Elizabeth, often referred to as "PE," is one of South Africa's major coastal cities, and it has a rich history dating back to the early 19th century. Port Elizabeth has been renamed to "Gqeberha" in February 2021, however, it is also known as "the Friendly City" or "The Windy City". Port Elizabeth was founded in 1820 by Sir Rufane Donkin, who named the...
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Disclaimer: While every effort will be made to ensure that the information contained within the 3%.Com Properties website is accurate and up to date, 3%.Com Properties 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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R

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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

26,660.74

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