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R390,000

Monthly Bond Repayment R4,159.08
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Levy
R2,022

ESPLANADE

This fantastic investment, in well looked after, Historical Landmark, Art Deco building - Victoria Mansions - on the Esplanade. A spacious 2 bedroom flat, with a large lounge and open plan kitchen. 1 spacious main bedroom with built in cupboards, and a smaller second bedroom for your convenience, as well as a large enclosed balcony, that can be used as another bedroom or for additional space in the flat. All with aluminium windows, preventing rust issues further down the line.

This would be an ideal low cost investment which could provide you with a good return in the form of rental income. Tenants already in place!

Shareblock building, so cash offers preferred.
Don't hesitate, contact today to arrange a viewing of your next addition to your property portfolio."

Features

1.5
1
Interior
Bedrooms
1.5
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Security
Yes
Extras
Unit sold unfurnished levies amount includes rates.Parking available to rent next door in parking block R 530 p.m For nights,  • R 840 for full time.

Esplanade, Durban

Durban has an interesting history, Vasco da Gama’s passing in 1497, Lieutenant Farewell and Shaka. In 1823 Farewell took part in a British expedition to Natal and then decided to start a settlement there. He persuaded 25 other British colonists to join him, and in June 1824 he built the first houses. Only four of these original settlers remained with him. In July 1824 he visited Shaka from whom he received a...
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

4,159.08

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