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Conversion Opportunity in Durban CBD - Student Accommodation/Residential

Student / Residential accommodation conversion opportunity in the heart of Durbans CBD. Within 3km of The Durban University of Technology and under 7kms to the University of KZN Campuses.
This 11 storey building, zoned General Business, comprises of Retail and CMT mini factory in extent of 928sqm with a total GLA of 6,300sqm made up of 550sqm ground floor retail, 800sqm of ex cinema space on the first and second floors. Floor plates for floors 3 to 11 of 550sqm each totally 4,950sqm.
The property is surrounded by numerous retail, commercial, light industrial and residential development.
There are currently 3 lifts on the property, 2 of which are for passengers and one goods lift.
The property is currently 70% let with the cinema level and the 11th floor being vacant.

Features

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0
Zoning:
Mixed Use
Interior
Air Conditioning
Yes
Sizes
Floor Size
6,300m²

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BIDDERS PACK - Bertha Mkhize Str, Durban6.3 MB
 
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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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

13,493,499.66

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