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R654,000

46 FRANKENFELD PLACE

Monthly Bond Repayment R6,974.45
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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EXCEPTIONAL OPPORTUNITY: PRIME VACANT LAND IN SECURE WATERFRONT ESTATE

Embark on a rare opportunity in Port Alfred with this extraordinary vacant erf nestled within the prestigious Riverview Waterfront Estate. This upscale, picturesque eco estate seamlessly integrates awe-inspiring views and wildlife with the serene security of a private gated community.
Freehold Erf 8445, initially comprising five plots, has been consolidated into an expansive 2244 square metre parcel, offering an adaptable canvas for visionary development. Prospective buyers enjoy the flexibility of sub-dividing at their discretion, tailoring the property to individual preferences. Conveniently located within walking distance of the river and entrance, this level plot effortlessly marries accessibility with the captivating allure of natural beauty.
The consolidation not only provides ample space but also yields the added benefit of reduced municipal rates, while levies are calculated based on the original six erven.
Conceived by an architect with an acute eye for the ultimate outcome, 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, facilitate multi-level construction, allowing for the creation of a residence that maximizes panoramic vistas without compromising the privacy of neighbouring properties.
The Riverview Waterfront Estate sets itself apart with unparalleled infrastructure, boasting specially crafted 'oubaai' cobble pavers and concrete edging on roads to minimize wear and tear. Oversized underground drainage pipes ensure efficient stormwater disposal, underscoring a steadfast commitment to quality and longevity.

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
Rosehill Mall offers a shopping experience that perfectly combines convenience with family-friendly features. The mall's beach-style boulevard creates a relaxed atmosphere, while a variety of stores caters to all needs.  With...
 
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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:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

6,974.45

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