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R49,720,000

Monthly Bond Repayment R521,690.09
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R9,500

Large property offering student accommodation situated in the heart of White River Town.

The first portion of the property consists of three blocks of identical student accommodation. The building is built over two floors with parking provided underneath the building. Each block consists of 11 units (rooms) either double sharing or single providing accommodation for 48 students in each block. Some of the rooms are either single or shared rooms. Each unit consists of a modern kitchen with ablutions facilities. The kitchens are fitted with brown cupboards, black granite tops and electric stoves. The rooms at the on the top level have small balconies and loft bedrooms. Neat passages and concrete staircases. The buildings are in good condition.

The second portion consists of double storey building of six blocks. The blocks or units for the residence consists of kitchens and ablution facilities.

There is 24 hour patrolled security and free uncapped Wi-Fi. Open fields for student sport events available. The property is walled and fenced with two secure entrances.

At present, the residences occupy 198 students. Ten blocks can still be renovated, which will increase the number of students. There is 10 000 sqm of land available for further development. All the furniture is included and one bus for transporting students.

Ground manager available. One year contract with the University and is renewed annually.
Please contact us for further information and a viewing if required.

Features

1
1
Pets Allowed
Yes
Interior
Bedrooms
1
Bathrooms
1
Exterior
Security
Yes
Domestic Accommodation
1
Views
Yes
Sizes
Floor Size
3,677m²
Land Size
2Ha
Extras
126 Bedrooms,  • 49 Bathrooms

Kingsview, White River

White River (Witrivier) is a small holiday and farming town situated just North of Nelspruit in Mpumalanga. The farms in the White River region of Mpumalangaproduce tropical fruit, vegetables, flowers and timber. The scenic town of White River, with its three irrigation dams and a number of forests, is one of the most popular holiday destinations for tourist and the town of White River has developed a...
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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

R
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Monthly Payment

521,690.09

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