38
Beds
39
Baths
1,236 m²
Floor area
About this property
Secure your future with this exceptional apartment building, ideally situated near a university, shopping mall, and hospital—ensuring high rental demand and long-term value. The property features: 36 well-designed one- and two-bedroom apartments, each with its own private bathroom 2 additional overnight rooms, perfect for short-term stays or extra income A communal bathroom conveniently located in the passage Dedicated office space for on-site management Ample parking for tenants and visitors Three-phase electricity, supporting efficient and reliable power supply Zoned for Business Use, offering flexibility and potential for further development or mixed-use opportunities This is a rare opportunity to invest in a high-potential income-generating property in a sought-after location.
Rooms & layout
Price & ownership
Cost to buy (indicative)
Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.
Upfront split
Rough split: 90.9% purchase price, 9.1% buying costs.
- Asking price R 10 800 000
- Transfer duty (est.) R 965 356
- Deeds Office (transfer) R 7 751
- Conveyancing (est., incl. VAT) R 110 743
- Deeds lodgement R 52
- Total indicative R 11 883 902
Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.
Table ref: sars_2025-04-01
Bond Calculator
Total paid over 20 years (deposit + repayments): R 25 557 044
Monthly repayment vs interest rate (deposit fixed at 10%)
Monthly repayment vs deposit percentage (rate fixed at 11.25%)
Indicative estimate only. Loan of R 9 720 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.