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R7,000,000

Monthly Bond Repayment R67,551.52
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R1,000

INVESTMENT PROPERTY WITH BREATH TAKING VIEWS

This property with breath taking views along the sea at La Mercy comprises of 4 bedrooms (2 en-suite), 2 lounges, 2 dining, High tea room, beautiful outside flat with a bedroom - en-suite, beach facing balcony, kitchenette, and a lounge. It also has a granny with one bedroom, lounge, kitchen facing the beach with a massive bathroom.

Looking for the entrepreneur with the vision to turn this house into a home or guest house and make your Return On Investment with the demand for Airbnb, holiday accommodation or multi-family dwellings.

This beautiful suburb of the eThekwini municipality 35 kilometres (22 minutes) north of Durban, South Africa. It is the location of Durban's King Shaka International Airport. It has four distinct areas - The airport precinct, the main residential area, a shanty town, and a beach-front strip of apartments along South Beach Road host to an international airport, La Mercy is a small suburb, with no shopping center or public transport to speak of; severely lacking in communal infrastructure such as pavements and public parks, two hotels (La Mercy Beach Hotel and Seabelle) with restaurants, two shops, and a community hall.

Features

6
4
Interior
Bedrooms
6
Bathrooms
4
Kitchens
3
Reception Rooms
6
Exterior
Security
Yes
Flatlet
1
Domestic Accommodation
1
Sizes
Land Size
700m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Hashtags Properties Group website is accurate and up to date, Hashtags Properties 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

R
%

Monthly Payment

67,551.52

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