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R5,000,000

40-44 Park Road

Monthly Bond Repayment R53,321.48
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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THREE ERF, MULTIPLE BUILDINGS, HUGE POTENTIAL

R5 000 000 EXCLUDING VAT— 40 Park Road, 44 Park Road and 50 Park Road

Three erfs totalling 4 267 square metres and housing multiple buildings in need of TLC could be yours if you have a vision to turn this into something spectacular.
One building comprises four duplex apartments. Three apartments have two bedrooms upstairs with a bathroom, while the third has three. Open plan living downstairs with a lounge/dining area and kitchen.
The erf next door has a semi-detached house that has four bedrooms, two bathrooms, a kitchen and reception room. This dwelling can easily be turned into two separate units.
The corner erf houses four large flats each with two bedrooms, bathroom, kitchen, lounge/dining area and an enclosed porch. A lovely verandah runs the length of the back of the building and is accessed via the kitchen.
All units have garages.
These properties all have distant sea views and large gardens and grassed areas.

Four duplex apartments close to the school with distant sea views.
One of the flats comprise three bedrooms, bathroom, lounge and open plan kitchen/dining area, with the sleeping area and bathroom upstairs.
Three of the flats have two bedrooms, open-plan kitchen / dining area, and separate lounge. Upstairs comprises of two bedrooms and a bathroom.
All flats have their own garage.
Situated close to the Port Alfred High School on the East Bank.
Port Alfred, lovingly known as the heart of the Sunshine Coast, is situated along the east coast and is approximately 150 km from both East London in the east, and Port Elizabeth in the west. Well known for the beautiful Kowie River which is navigable for 27 km, Port Alfred enjoys a temperate climate and mild winters. Home to the Royal Port Alfred Golf Course and Stenden University, Port Alfred has a rich and colourful history.

Features

21
10
10
Interior
Bedrooms
21
Bathrooms
10
Kitchens
10
Reception Rooms
10
Exterior
Garages
10
Security
Yes
Sizes
Land Size
4,267m²

East Bank, Port Alfred

If you're looking to trade the hustle and bustle of city living for tranquil coastal living, you'll find the perfect location in East Bank. This is a popular suburb in Port Alfred known for its picturesque views. Every day, you can be greeted by the sights of Port Alfred town, the Kowie River, the Royal Alfred Marina, and the vast expanse of the Indian Ocean.  East Bank Beach, just a stone's throw away, beckons...
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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

 

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Monthly Payment

53,321.48

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