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Two adjoining apartments sold as one
R 2,700,000
Can I afford this?9 Photo(s)
2 years ago2336 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):5
Bathrooms (#):2
Size (sqm):196
Parking:Garage
Description
Investors Dream - Work form home lockup and go.
What a unique opportunity to acquire two adjoining apartments, one is a 3-bedroom unit and the other a two-bedroom unit on the second floor with both having full frontal sea views.
There are 2 undercover parking and one lock up garage. The seller owns both units and wants to sell them as a ``twin package'' fully furnished.
The opportunities are endless. Combine the two units as one 5-bedroom, 3 bathroom and open the already lovely panoramic views into something special.
Or upgrade and rent out as two separate units at R10 500 and R12 500 respectively per month.
Or combine and upgrade and rent out as a corporate rental at R30 000 per month.
Or relocate to Gqeberha, convert the two units into residential and office and commute to the primary business as and when required.
A massive bonus is to be part of the soon to be developed Waterfront. Walk across the road to the magnificent Kings Beach and the Board Walk Casino just 1 km away.
This is indeed a great opportunity for both investor and private ownership.
Only serious offers will be submitted.
Property Reference #: RL3070
Agent Details:
Walter Fisher
Home and Hectare
43B - 6th Avenue
Walmer
Port Elizabeth
6070
What a unique opportunity to acquire two adjoining apartments, one is a 3-bedroom unit and the other a two-bedroom unit on the second floor with both having full frontal sea views.
There are 2 undercover parking and one lock up garage. The seller owns both units and wants to sell them as a ``twin package'' fully furnished.
The opportunities are endless. Combine the two units as one 5-bedroom, 3 bathroom and open the already lovely panoramic views into something special.
Or upgrade and rent out as two separate units at R10 500 and R12 500 respectively per month.
Or combine and upgrade and rent out as a corporate rental at R30 000 per month.
Or relocate to Gqeberha, convert the two units into residential and office and commute to the primary business as and when required.
A massive bonus is to be part of the soon to be developed Waterfront. Walk across the road to the magnificent Kings Beach and the Board Walk Casino just 1 km away.
This is indeed a great opportunity for both investor and private ownership.
Only serious offers will be submitted.
Property Reference #: RL3070
Agent Details:
Walter Fisher
Home and Hectare
43B - 6th Avenue
Walmer
Port Elizabeth
6070
Id Subtitle 1071887929
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No. of years
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Estimated monthly repaymentR 29,261
Total property loan amountR 2,700,000
Total interestR 4,322,422
Total repaymentR 7,022,422
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Home and Hectare
Selling for 3+ years
Total Ads116
Active Ads116
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