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R1,999,000

20. Michigan Street
Monthly Rates
R3,820.0 Excl. VAT

Versatile residential / commercial property – reduced by 400K !

One of the ONLY commercially zoned properties in Monteseel with versatile usage in that it can be used as a residential and / or commercial property, is now available at a very attractive price of R1 999 000. Situated close to the main access road into Monteseel, this is a rare opportunity to establish a business and have the convenience of residing on the property too!

There is much on offer here such as a 4-bedroom house, a 3-bedroom cottage – and - there is also a large workshop of 272m² as well as additional storage areas and workshop utility rooms consisting of an additional area of approximately 126m² In the past the property and buildings have been used for both residential and commercial purposes and was once upon a time a trading store. As there are no shops for example in the immediate area, this commercially zoned property presents a unique opportunity for an entrepreneur looking to establish and conduct business in the Monteseel area and surrounds. Positioned close to the main access road into Monteseel just off the Old Main Road (R103), this is excellent value for money and will not stay on the market for long. Even if you’re just looking for a home with a cottage and a large workshop, this is just ideal. Just to note; there is a vacant, level piece of land of 1047m² directly behind this property that can be purchased. Situated halfway between Durban and Pietermaritzburg, Monteseel in not far from the N3 freeway and Hammarsdale, Inchanga and Camperdown distribution areas. Don't miss this opportunity for unparalleled growth, income, and prosperity! Call me for a viewing.

Features

3
2
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
531m²
Land Size
1,175m²
Parking Bays
Covered Parking Bays
3
Open Parking Bays
2
Extras
Warehouse • 24 Hour Access • Flatlet

Monteseel, Monteseel

The beautiful suburb of Monteseel can be found above Drummond and below Inchanga in the Outer West Region of Durban. Located in the Valley of a Thousand Hills, it is widely known for its vista of panoramic views and scenic settings. Such views include plateau top flatlands, cliff edges, and rippled slopes. Over 8.5 hectares of KZN Sandstone Sourveld endangered grassland, Eastern Valley Bushland, and Eastern Scarp...
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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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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

27,819.87

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