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R1,700,000

30 Van der Riet Street

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A Versatile Property in Port Alfred's Van der Riet Street

Nestled in the heart of Port Alfred's CBD, this corner plot offers a myriad of possibilities. Situated just a stone's throw away from the picturesque Kowie River, it is perfectly poised for a business venture, a cozy restaurant, or a charming B&B. The property is already primed for business, with zoning in place.

On entering, you'll step into a spacious area, an extension of the original home, boasting a lofty vaulted ceiling—a versatile space presently utilized for business purposes. Beyond this, you'll discover self-contained flats and storage facilities.

This property can adapt to your vision—it could serve as a grand unified business hub, an inviting restaurant, a functional office space, or a spacious residence. Alternatively, it can be partitioned into three self-contained flatlets, each featuring its own bathroom, kitchen, and separate entrance.

Three geysers, three electrical boxes, three kitchens, and multiple bathrooms provide autonomy to each unit. With a touch of tender loving care, this property has the potential to flourish as a thriving business centre, a cluster of self-contained flatlets, or return to its roots as a family home—your options are limitless.

Outside, a convenient carport and a well-sized lawn await you. The perimeter is securely fenced with wood.
Port Alfred, strategically situated halfway between East London and Port Elizabeth, boasts a rich history dating back to the 19th century. Today, it is a vibrant town of approximately 14,000 residents, celebrated for its warm-hearted locals, superb climate, and breathtaking natural landscapes.

Port Alfred's main allure is the enchanting Kowie River and its pristine beaches. Kelly's Beach, just a short stroll from the town center, beckons with its charms, offering a haven for swimmers, surfers, and sunbathers. The town also proudly hosts the Royal Alfred Golf Course, one of South Africa's oldest, providing awe-inspiring coastal vistas. Tennis, cricket, rugby, bowls, and croquet are additional beloved pastimes in the region.
In summary, Port Alfred is an idyllic destination for those in search of a rejuvenating beachside escape enriched with outdoor adventures and cultural exploration. With its breathtaking natural beauty, welcoming community, and storied heritage, it's no surprise that this enchanting coastal town is a cherished gem among South Africa's tourist destinations.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
280m²
Land Size
793m²

Port Alfred Central, Port Alfred

Port Alfred is a small seaside resort town on the east coast of South Africa, situated in the Eastern Cape province at the mouth of the Kowie River. It is located midway between Port Elizabeth and East London. Over the last two decades, Port Alfred has experienced steady growth, particularly in its property market, driven by retirees and families seeking second homes. The town offers a variety of properties, from...
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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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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

23,901.23

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