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R3,800,000

Monthly Rates
R7,916 Excl. VAT

CENTRAL INVESTMENT AND DEVELOPMENT OPPORTUNITY

The property consist of the following:

Great student accommodation potential or convert the office space into apartments for rentals.
The building can provide 40 double rooms and can accommodate 80 students
The income potential is R3500 x 80 = R280 000/month once the property is renovated and accredited

This building is situated on the corner of Havelock and Lawrence street in Central, Port Elizabeth.
In the past, the building provided small retail shops on the ground floor and office space on the first & second floors. The building is currently vacant and requires some maintenance.

Contact us today for a viewing

R3 800 000 PLUS VAT

Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,356m²
Land Size
588m²
 
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

53,971.19

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