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R550,000

48 VICTOR REED PLACE

Monthly Bond Repayment R5,770.91
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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EXCEPTIONAL OPPORTUNITY: RARE VACANT LAND IN PRESTIGIOUS WATERFRONT ESTATE

Discover an exclusive opportunity in Port Alfred with this extraordinary vacant erf within the renowned Riverview Waterfront Estate. This upscale eco estate seamlessly blends stunning views and wildlife with the tranquil security of a private gated community.
Freehold Erf 8444, originally three plots, has been consolidated into a 2009 square metre parcel, providing a flexible canvas for development. Prospective buyers can sub-divide at their discretion, customizing the property to individual preferences. Located within walking distance of the river and entrance, this plot effortlessly combines accessibility with the enchanting allure of natural beauty.
The consolidation not only ensures ample space but also offers the added benefit of reduced municipal rates, while levies are calculated based on the original six erven.
Each plot at The Riverview Waterfront Estate is meticulously optimized for size and shape, ensuring unobstructed views while preserving the natural surroundings. Building height restrictions, capped at 3.60 metres from the highest point, enable multi-level construction for a residence maximizing panoramic vistas without compromising neighbour privacy.
Setting itself apart with infrastructure, The Riverview Waterfront Estate features specially crafted 'oubaai' cobble pavers and concrete edging on roads to minimize wear and tear. Oversized underground drainage pipes guarantee efficient stormwater disposal, emphasizing a steadfast commitment to quality and longevity.
For detailed information and an exploration of the limitless potential inherent in this extraordinary property, we invite you to connect with the dedicated listing agent. Your journey toward a distinctive and bespoke lifestyle begins here.

West Bank, 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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Rosehill Mall is Port Alfred's premier shopping destination
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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:

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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

5,770.91

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