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R1,750,000

1 Palms, 16 Burnard Street

Monthly Bond Repayment R18,361.98
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Levy
R5,155
Monthly Rates
R785

Apartment in Strand close to Beach

This apartment in Strand North, a mere 200 metres from the beach, is an ideal home by the sea – perfect as a holiday getaway or a lock-up-and-go residence.

Size: 64 m² apartment with an unprecedentedly large 90 m² private garden.

Key features:
2 bedrooms, each with its own en-suite bathroom: one with a bath, the second with a shower.
Living area: open-plan lounge and dining room, creating a welcoming space and leading to the spacious garden area, ideal for entertaining.
Air conditioning units installed in both bedrooms for comfort.
This apartment is also offered fully furnished, ready for immediate occupation or rental.
Regret no pets.

Investment potential: Rental yields will command a gross 8% plus.

Outdoor space: Expansive private garden (90 m²), perfect for relaxation or entertaining.

Additional amenities:
Parking: One basement parking space available; additional second parking bay.
Communal facilities: Swimming pool with stunning views; braai (BBQ) area, ideal for social gatherings, plus a gym area for fitness enthusiasts. The complex also boasts a laundry room equipped with washing and drying machines.

Utilities: Prepaid electricity system providing control over usage.

Security features: Excellent security measures, including electric fencing and CCTV cameras.

Complex details:
Consists of only 12 units, ensuring a close-knit community feel.
Well-maintained building in good condition, BC controlled and managed.

If you're interested in further details or scheduling a viewing, please let me know!

Features

2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
2
Sizes
Floor Size
64m²
 
  • 1
 

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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

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

18,361.98

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