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R3,400,000

Monthly Bond Repayment R36,258.61
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,100

6 Bedroom Sectional Title Unit For Sale In Musgrave

Exceptional Investment Opportunity: Prime Double Storey Property.

This spacious, modern double-storey house presents a fantastic investment opportunity with four well-appointed units, located just behind the new Musgrave mosque on St Thomas Road. Access is via a secure, gated cul-de-sac off Essenwood Road, ensuring both privacy and safety.

Property Highlights:

Unit 1 (Upstairs): A generous 3-bedroom, 2-bathroom unit covering 178 square meters. Features include porcelain tiles throughout, a spacious open-plan living and dining area, and a fully equipped kitchen. The master bedroom includes an en-suite bathroom.

Unit 2 (Downstairs): A large 2-bedroom, 1-bathroom unit with a comfortable lounge/dining room and a fully fitted kitchen, all elegantly tiled.

Unit 3: A sizable 1-bedroom, 1-bathroom unit with an open-plan lounge/dining area and a large kitchen, also fully tiled.

Unit 4: A practical bachelor unit with a bathroom, situated at the rear of the property.

Additional Features:

Pool Area: A small but inviting pool for relaxation and leisure.
Parking: Ample parking space for up to 5 vehicles.
Tenancy: All units are currently tenanted with market-related rental income.
Proximity: Walking distance to places of worship, Durban High School, and Musgrave Shopping Centre.
Seize this prime investment opportunity to acquire a property with strong rental income potential and convenient access to key amenities. Contact us to arrange a viewing and make this exceptional property yours today!

Features

6
4
Interior
Bedrooms
6
Bathrooms
4
Kitchens
3
Reception Rooms
6
Exterior
Carports / Parkings
3
Security
Yes
Flatlet
1
Pool
Yes
Sizes
Floor Size
178m²
Land Size
480m²

Musgrave, 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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

36,258.61

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