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R4,600,000

Prime Beachfront Apartment Block Development Opportunity

CALLING ALL DEVELOPERS. Entire block for development.

A prime development opportunity exists to develop a 12 storey beachfront apartment block, consisting of 37 two bedroom and 2 penthouse units with a total bulk of 4600 sqm.

The apartments will be modern and residents will have access to an elevated swimming pool, gym and residents lifestyle area on the 1st floor, all with magnificent sea views. The apartments will be specifically fitted out for AirBNB bookings, enabling owners to capitalise their investment into this block.

Developer opportunities exist for a
1. Full Funder, with investment of R17.5M with a 121% net return or
2. Syndication of 4 Syndics, each with an investment of R4.6M and a 117% net return or
3. Outright buyout of the entire site and concept.

Although concept has been done for 39 residential units, a developer may adjust to their own needs including changing to Hotel, Commercial or Multi use.

For a development plan, comparable stats and basic financial options, please contact us.

Features

0
0
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
4,600m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane 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

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

60,789.34

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