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R31,000,000

77 Victoria Avenue

A unique opportunity for a serious investor looking to capitalize on a property in Waterfall

The core of the offering is likely a substantial piece of land that includes an old house and three cottages. The condition of these existing structures could range from habitable to requiring significant renovation or even demolition, depending on their age and upkeep.

Being situated in an industrial area is a key characteristic.

A property like this offers numerous possibilities for an investor with a clear vision.

The vacant land portion provides a blank canvas for developing industrial facilities such as warehouses, factories, workshops, or storage units, tailored to specific business needs or for lease to other industrial enterprises.

Mixed-Use Development (Subject to Zoning): Depending on local zoning regulations, there might be potential for a mixed-use development that could include industrial components alongside commercial or even residential elements, perhaps repurposing or redeveloping the existing house and cottages.

In a developing industrial area like parts of Waterfall, KZN, simply acquiring a substantial piece of land with existing services can be a strategic long-term investment, with potential for significant appreciation as the area grows.

Waterfall, located in the outer west region of Durban, has become an increasingly attractive industrial hub. It benefits from its strategic location with good access to major transport routes like the N3 highway and the King Shaka International Airport, making it a favorable location for logistics, manufacturing, and distribution businesses. The area boasts modern infrastructure, secure industrial parks, and a growing business community.

In summary, vacant land for sale in Waterfall, KZN, featuring an old house and three cottages, along with essential infrastructure like 3-phase electricity, water, and a septic tank in an industrial area, presents a compelling opportunity for a serious investor. The existing infrastructure reduces initial setup costs, and the industrial zoning opens doors for various development possibilities aligned with the investor's vision and market demands. Thorough due diligence regarding zoning, the condition of existing structures, and infrastructure capacity will be key to unlocking the full potential of this property.

 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

427,025.04

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