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R6,950,000

Monthly Bond Repayment R74,116.86
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R10,374

18 Bedroom Cluster For Sale in Wellington North

OUTSTANDING INCOME-GENERATING PROPOSITION!!

This longest-established private communal living accommodation in Wellington is situated in the heart of the town and close to all amenities and the Cape Peninsula University of Technology

A multi-faceted property with a variety of units that caters to the diverse needs of diverse tenants. The housing is suitable for professionals, students, singles and small families.

These units could be a lock-up-and-go type of accommodation suitable for travelling professionals.

The property consists of ten similar bachelor apartments, offering open-plan living and sleeping areas. All bachelors are equipped with kitchenettes. The bathrooms offer a shower, toilet, and basin. Each of these apartments has its own separate entrance and safety gate. (Own geyser and electricity meters.)

Three slightly larger bachelor apartments offer more space and slightly larger kitchenettes and living spaces. Two of which have full bathrooms and one a bath, basin, and toilet. Each has built-in cupboards and either wooden floors or tiles. (Own geyser and electricity meters.)

The three one-bedroom apartments offer separate living areas and separate kitchens, as well as air conditioning.

A two-bedroom apartment with a spacious open-plan lounge and kitchen. Offers built-in cupboards and wooden floors. This apartment consists of a full bathroom, air conditioning, and a front porch.

The property offers eleven parking bays behind one access gate and additional undercover parking with a separate automated gate for two vehicles.

The units are currently furnished; most of the furniture belongs to the seller and is included in the sale.

A sparkling swimming pool adds value to the property.

All seventeen units are currently occupied.

This property also has business rights.

Features

18
17
Pets Allowed
Yes
Interior
Bedrooms
18
Bathrooms
17
Furnished
Exterior
Carports / Parkings
13
Security
Yes
Flatlet
13
Pool
Yes
Sizes
Floor Size
669m²
Land Size
1,497m²

Wellington North, Wellington

Wellington is located 75 km north-east of Cape Town in the heart of the world-famous Cape Winelands. The town is within easy travelling distance of most Boland towns such as Stellenbosch, Paarl, Malmesbury, Tulbagh, Franschoek, Riebeeck Kasteel and Ceres which all offer attractions of their own. The beaches to the south (Gordon’s Bay, Strand, etc) and Bloubergstrand to the west can be reached within a three...
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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

 

LOAN AVAILABLE

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%

Monthly Payment

74,116.86

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