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R780,000

Monthly Bond Repayment R8,452.92
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R425

ONE OF A KIND OPPORTUNITY!

This property is a once in a lifetime opportunity to invest, either as a residential house or as fully functional learning academy. This property was previously utilized as an education centre for children where they were assisted with extra math, English, Afrikaans, spelling, reading and computer classes. All classes were stopped due to the retirement of the owner. Although the owner has retired there is no reason not to pick up the ropes and start with classes again in the same scenario it had operated before or to open a new learning academy and restore it to its former glory! The classrooms are fully equipped with desks, chairs and white boards that are used to educate a class of approximately 15 to 20 learners. A computer centre is also forming part of the package as all computers are included.

This property has endless opportunities should it continue as a learning centre. It can also be utilized as a Grade RR or aftercare school to assist all grades with daily homework or projects. Converting it into a crèche is also a possibility. As previously indicated the property has endless possibilities. It has toilets with basins as well as a kitchen which requires some renovations. The property has a lounge area for parents to sit and wait or converse with educators. An office space for the educators is also available, this room can be converted into a classroom. If correctly managed, this property can generate a generous monthly income to honour all financial responsibilities and to save money for further development and maintenance. Wow, what a bargain buy!

Features

5
2
Interior
Bedrooms
5
Bathrooms
2
Sizes
Land Size
281m²
 
  • 1
 

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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

8,452.92

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