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R435,000

Monthly Bond Repayment R4,638.97
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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EXTRAORDINARY VACANT LAND OPPORTUNITY IN SECURE WATERFRONT ESTATE

EXTRAORDINARY VACANT LAND OPPORTUNITY IN SECURE WATERFRONT ESTATE
A rare opportunity awaits in Port Alfred with this exceptional vacant erf situated within the esteemed Riverview Waterfront Estate. This up-market, scenic eco estate seamlessly harmonizes breathtaking views and wildlife with the secure tranquility of a private gated community.
Freehold Erf 8446, originally encompassing six plots, has been consolidated into an expansive 1475 square metre parcel, providing a versatile canvas for visionary development. Prospective buyers have the option to sub-divide at their discretion, adding a layer of flexibility to suit individual preferences. Nestled within walking distance of the river and entrance, this level plot effortlessly blends accessibility with the allure of natural beauty.
The consolidation of plots not only offers ample space but also brings the added benefit of reduced municipal rates, although levies are calculated based on the original six erven.
Crafted by an architect with a keen eye for the end result, each plot at The Riverview Waterfront Estate is thoughtfully optimized for size and shape, ensuring unobstructed views while maintaining the integrity of the natural surroundings. Building height restrictions, capped at 3.60 metres from the highest point, allow for multi-level construction, enabling the creation of a residence that maximizes panoramic vistas without compromising the privacy of neighboring properties.
The Riverview Waterfront Estate is distinguished by its unparalleled infrastructure, featuring meticulously crafted 'oubaai' cobble pavers and concrete edging on roads to minimize wear and tear. Oversized underground drainage pipes guarantee efficient stormwater disposal, underscoring a commitment to quality and longevity.
For comprehensive details and to explore the limitless potential of this extraordinary property, we invite you to contact the listing agent. Your vision for 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

4,638.97

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