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3 BOARDING HOUSES in EAST LONDON

ON AUCTION
Duly instructed by the owner we offer for sale by public auction No.12 and 14 College Street, East London Central. Erf 14754 and Erf 14755.
Centrally situated close to Walter Sisulu University (WSU) 3 boarding houses, comprising of 26 rooms and a garage with an excellent rental income of R41 000 per month. The boarding houses stretch over to erven in an extent of 968sqm. The property is well maintained and neat.
Venue: On-site 12 and 14 College Street, East London Central.
Date / Time: Wednesday 20 April 2022 at 11am
Viewing: By appointment or 1 hour prior to Auction
GREAT INVESTMENT OPPORTUNITY!
Now - Live Online Bidding Available via Zoom - Pre-registration required. Contact us for further details.
TERMS: Covid 19 regulations apply. ID and proof of residence are required for registration.5% Deposit, Auctioneers commission, advertising costs payable on the fall of the hammer.
Full terms and conditions are available for inspection at our offices: 32 Pearce Street, Berea, East London. Subject to change without notice and right of admission reserved.

Features

26
8
1
Interior
Bedrooms
26
Bathrooms
8
Kitchens
4
Exterior
Garages
1
Carports / Parkings
4
Security
No
Sizes
Land Size
968m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian Realty 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

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%

Monthly Payment

10,664,296.30

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