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DEVELOPMENT OPPORTUNITY - Umhlanga Ridge

Prime site zoned Special Zone 11: Umhlanga Ridge Newtown Centre, comprises of two vacant portions of Erf 2426, Umhlanga Rocks. Portion 80 measuring 1,476 m2 has a bulk allocation of 3,351m2 and a maximum of 35 permissible units. Portion 83 measuring 558 m2 has a bulk allocation of 700 m2 and a maximum of 12 permissible units.
The site backs onto Summer View and Herrwood Skye.

It is easily accessible via a network of major roads, including the M4, M41 north-bound and the N2 from the north and south. Umhlanga is a residential, commercial and resort town north of Durban on the coast of Kwa-Zulu Natal. The King Shaka International Airport is within 18 km of the site and 16 km from the Durban CBD.

The residential aspect of Umhlanga too has grown exponentially. Gated communities and luxury estates have sprawled their way across the suburb and in particular Umhlanga Ridge, which used to be largely sugarcane fields.

Umhlanga Ridge, Umhlanga

Umhlanga Ridge and Umhlanga New Town are two of South Africa's most attractive mixed-use investment nodes, boasting coastal panoramic sea views, public parks, tree-lined walkways, offices, retail outlets, and modern residential developments.  Once sugarcane, this area is now home to the Busamed Gateway Private Hospital and Netcare Umhlanga Hospital and is easily accessible by a network of major roads.  The Gateway...
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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

 

LOAN AVAILABLE

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Monthly Payment

14,202,945.91

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