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R6,200,000

Monthly Rates
R2,645 Excl. VAT

Sunshine Coast Gateway Tourist Centre

Named the "Sunshine Coast Gateway Tourist Centre", the shopping centre is located along the Sunshine Coast in the Eastern Cape, at Boesmansriviermond.

(See location map. Situated 125km east of Port Elizabeth and 175km west of East London, at the Boesmansriviermond turn-off on the R72-coastal road. 30km from Port Alfred, 25km from Alexandria, 58km from Grahamstown, 2km from Kenton-on-Sea, 15km from Boknes, 18km from Cannon Rocks).

The erf size is 4328m2. It is partially (approx 31.3%) developed in terms of the "Red Apple" Sectional Title Scheme, currently comprising 7 shops: Shop 1 - 186m2, Shop 2 - 186m2, Shop 3 - 238m2, Shop 4 - 410m2, Shop 5 - 50m2, Shop 6 - 50m2, Shop 7 - 50m2. Total floor area 1170m2.

3031m2 (68.7%) of the property's area remains for further development. Sectional Title Units 2-7 are currently owned by the Owner - Sectional Title Unit 1 is owned by a third party (conducting the business of a motor spares dealer therefrom). Unit 1 is not included in the offering.

Erf 1047 is zoned as Zones 1, 3 and 5, i.e. for general business purposes, allowing: town houses, flats, residential buildings, place of assembly, place of entertainment, place of instruction, liquor store, supermarket, service trade shops, offices, restaurants, service station/public garage site and, also as a filling station site, by the local authority (Ndlambe). The Owner (and his successor in title) leases public spaces a) Rem. Erf 922 (1610m2) and b) Erf 1018 (2329m2) (see Google image) at a nominal rental of R1-00 per year from the local authority, on an indefinite period basis, to provide additional parking/circulation space for the development.

The price includes the sale of Units 2-7 plus the right to further develop the undeveloped portion of the property.

The further development of this property, which could include a filling station, offers big rewards for a potential purchaser.

The price quoted excludes VAT. Price negotiable.

Features

0
25
Zoning:
Retail
Exterior
Security
No
Sizes
Floor Size
1,170m²
Land Size
4,328m²
Parking Bays
Open Parking Bays
25
 
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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

 

LOAN AVAILABLE

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Monthly Payment

81,933.46

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