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R6,950,000

Monthly Bond Repayment R68,224.22
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

PORT ELIZABETH: Your own private retreat…

Your own private retreat or your own exclusive estate within minutes from the city, the choice is yours. Opportunity abounds and you need only decide what you want to do as all the preparation has already been done, the plans, the lay-out, approvals, etc.

The property is to be sold complete with all development rights (local authority approvals) and as such is 100% ready for development. The development of the property is however not mandatory, i.e. the purchaser(s) may ignore the development rights and use the property for ordinary farming activities.

The local authority approvals warrant the development and sale of 24 No freehold land units within a gated Country Lifestyle / Gentlemen's Estate.
There is an existing farm house and horse stables on Stand No 1 of the proposed development, and it is an option to convert the existing house so that it reflects the theme of the proposed development.

The person(s) that purchases the property would have two development options if he/she/they want to proceed to implement the development rights. The two options are:

(i) Install the required services complete with a gate house and perimeter fencing, and sell the 24 No serviced stands (23No vacant stands + 1No stand with existing house), OR

(ii) Install the services, gate house and perimeter fencing, and sell the 24 No stands on a plot & plan basis inclusive of the construction of houses for the purchasers.

Preliminary work has been done to reflect/exhibit a theme for the proposed Country Lifestyle Estate, but the purchaser of the property can do his/her/their own designs, etc. to establish a desired theme for the development.

Whilst walking on the property and taking photos I felt as if I was on a different continent, I felt like Heidi in the Alps, the trees were magnificent and the weather certainly contributed to being nostalgic. The stables still smelled like horses and I could easily imagine having an equine estate where children can ride their horses whilst their dogs jogged merrily after. I could hear children laughing as they played hide and seek amongst the trees and when I discovered the pines a snow-white Christmas felt like reality.

Would I develop the estate or would I keep it all to myself? I really do not know but why don`t you make an appointment? I will leave the choice up to you.

Features

3
0
Interior
Bedrooms
3
Kitchens
1
Exterior
Security
Yes
Views
Yes
Sizes
Land Size
52Ha
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Agrisell website is accurate and up to date, Agrisell 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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R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

68,224.22

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