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R3,295,000

Monthly Bond Repayment R35,138.86
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Lovely Home

This property is a lucrative investment opportunity nestled right on the beach, in tranquil setting of Ramsgate on the Lower South Coast of Kwa Zulu Natal this property boasting long-term leases with existing tenants.

Its versatile layout makes it suitable for use as a self-catering guest house or boutique hotel, ensuring a steady stream of income and located to all amenities, restaurants for the guest’s convenience. You looking for an investment property, this is an absolute no brainer.

Here's what sets it apart:
• Outdoor Appeal: The property features a stunning swimming pool surrounded by a paved garden, adding to its aesthetic charm. The modern design of the buildings further enhances its visual appeal.

• Variety of Units: With two modern one-bedroom units, each equipped with individual bathrooms, open-plan kitchens, dining areas, and a double carport, and two two-bedroom units with two bathrooms a communal playroom/ reception area laundry and stunning sea views the property caters to diverse tenant needs and could attract a range of clientele.

• Automated Entrance Gates: Offering both security and modern convenience, the automated entrance gates ensure peace of mind for both tenants and investors.

• Ready for Investment: With no further capital outlay required, the property is poised for immediate returns, making it an attractive option for investors seeking quick profitability.

• Investor's Dream: This property is a standout in the market, thanks to its array of features and amenities that appeal to both tenants and potential buyers, making it an investor's dream come true.

• Must-See Property: To truly grasp the value and potential of this property call our agent today for more information and arranging a viewing.

Features

4
4
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
4
Kitchens
2
Reception Rooms
4
Exterior
Carports / Parkings
4
Security
Yes
Flatlet
2
Sizes
Floor Size
400m²
Land Size
1,796m²

Ramsgate, Margate

The quaint village of Ramsgate is situated on the KwaZulu-Natal Lower South Coast. A favourite destination of generations of South Africans it has seen seasonal influxes of domestic tourists since the 1950's. It is located at the mouth of the Ibilanhlolo River, meaning "the marvellous boiler", due to the bubbles caused by strong currents. In 1922, a painter and violin maker called Paul Buck opened a trading...
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Disclaimer: While every effort will be made to ensure that the information contained within the Wakefields Estate Agents website is accurate and up to date, Wakefields Estate Agents 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

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

35,138.86

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