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R150,000

1204 Flamingo Court, 859 Umbilo Road

Monthly Bond Repayment R1,599.64
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Levy
R715
Monthly Rates
R2

1,5 BEDROOM FLATS IN UMBILO-FLAMINGO COURT.

Calling investors......I have a client that is emigrating and selling his portfolio of properties, we have 20 units available.....Some are 2, 5 Bedroom around 79 square meters and the others are 1, 5 Bedroom units around 50 square meters. , no arrear rates, levies etc...Some are tenanted with well paying tenants...Rentals received are between 3n5K and 5,5K per month...No arrears on tenants not paying. We also have 1,5 bedroom units available at245 K negotiable.
All units are neatly painted throughout with inbuilt cupboards and fully tiled. All have pre paid water and electricity meters.
The block was in administration and has now been rehabilitated by the High Court and has it`s own Body Corporate and Managing Agent. Well run by an Attorney...Ashlyn Kandhai and Associates. The seller seeks a cash deal. Units may be sold individually or in bulk-prices are negotiable.
Secure ample parking on a first come first serve basis, protected by 24 hour Security, fully fenced and electric gated.
Viewing available to pre-screened candidates with proof of funds. NO AGENTS PLEASE!!!

PLEASE NOTE THAT THE MAIN BUILDING NEEDS ATTENTION, IT NEEDS PAINTING ALL ROUND, FURTHERMORE A NEW LIFT HAS BEEN INSTALLED, HOWEVER IT IS STILL NOT OPERATIONAL, THAT IS WHY THESE PROPERTIES ARE SELLING FOR SUCH LOW PRICES.

THESE PROPERTIES ARE SECTIONAL TITLE UNITS, YOU WILL GET A TITLE DEED ON REGISTRATION OF THE PROPERTY AT THE DEEDS OFFICE IN PIETERMARITZBURG!

Features

2
1.5
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1.5
Kitchens
1
Reception Rooms
3
Exterior
Carports / Parkings
2
Security
Yes
Sizes
Floor Size
79m²

Umbilo, Durban

Durban is a vibrant and cosmopolitan city that embraces a unique blend of cultures, stunning beaches, and a warm tropical climate. As the largest city in the province of KwaZulu-Natal, Durban has grown into a bustling metropolis known for its rich history, diverse population, and an array of attractions that cater to both locals and tourists. With its welcoming spirit, laid-back lifestyle, and abundance of...
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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

1,599.64

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