Sale
South Africa

38

Beds

39

Baths

1,236 m²

Floor area

Commercial 38 beds 39 baths 1,236 m²

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

Bedroom × 38
Bathroom × 39

Price & ownership

Asking price R 10 800 000
Price per m² R 8 738
Municipal valuation -

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

Property price R 10,8M
Taxes + legal + admin fees R 1,1M

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

R 101 988 /month

Total paid over 20 years (deposit + repayments): R 25 557 044

Deposit 10% · R 1 080 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

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.