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R8,000,000

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Apartment Block | Student rental investment | Close to UCT

Neat apartment block located close to UCT in Mowbray. This apartment block is fully let at the time of writing. It consists of 6 apartments, two of which are two-bedroom apartments between 42 and 44 m2 and 4 are three-bedroom apartments between 61 and 62 m2 with 1 garage and 4 parking bays. There is an opportunity to increase the rentals as they are currently under-market at R4250 per room. The property is zoned GR4 and has excess potential bulk to almost double the square metres (info available on request).

This apartment block is a quick walk to the main road making it convenient for the Jammie Shuttle to UCT. It is in a neat condition, and easy to run. It is currently sectionalized making for an easy sale to end users. Info pack available on request.

Features

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0
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
400m²
 
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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

R 

112,476.36

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