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R20,000,000

Monthly Bond Repayment R216,741.41
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R3,550

Investors Dream

Apartment Block Available for Sale in Quigney's Central Area

An excellent investment opportunity awaits in the heart of Quigney with this apartment block now on the market. This property boasts a total of 16 bedrooms, featuring 9 bachelor units, each equipped with private bathrooms and kitchenettes, ideal for individual rentals or student accommodation. Additionally, there are 7 two-bedroom units, providing spacious living arrangements.

Included within the property are a licensed bar and a convenient storage room, catering to various potential uses and opportunities for additional income streams. The ample parking space offered is secure, making it particularly suitable for student housing or individual rental arrangements.

Conveniently located, this property is in close proximity to the beachfront, local shops, a garage, restaurants, and universities, ensuring accessibility and attractiveness for potential tenants or residents seeking convenience and amenities nearby.

It's worth noting that the six two-bedroom units situated upstairs are currently unfinished, presenting an opportunity for customization and development according to specific preferences or requirements. This offers potential for increasing the property's value through completion and future leasing or sale of the units.

This apartment block represents a promising investment prospect in Quigney, with its strategic location and versatile accommodation options. Whether for student housing, long-term rentals, or other commercial ventures, this property offers a solid foundation for investors or developers looking to capitalize on the vibrant real estate market in this sought-after area.

Features

16
16
Interior
Bedrooms
16
Bathrooms
16
Reception Rooms
1
Sizes
Land Size
809m²

Quigney, East London

SCHOOLS PRESIDENT PRIMARY SCHOOL, BONANZA STREET, 043 722 4751  QUIGNEY BAPTIST EDUCARE, BAY UNIT & PRE SCHOOL, TENNYSON STREET, 043 722 2501 CHURCHES QUIGNEY BAPSIST CHURCH, TENNYSON STREET, 043 722 2501 CATHOLIC CHURCH,  VICTORIA METHODIST CHURCH, INVERLEITH TERRACE, 043 722 3554 HOTELS KING DAVID HOTEL, CNR CURRIE STREET & INVERLEITH, 043 722 3174 MAJESTIC HOTEL, ...
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In the news

Bigger and better for Chas Everitt East London
There is nothing permanent except change, as the saying goes, and that is certainly true for the Chas Everitt International office in East London, which has recently changed management and moved to new premises. "We know there...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group 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

 

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Monthly Payment

216,741.41

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