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R4,500,000

304 Albizia Drive, Ptn 304 of Erf 1

Monthly Bond Repayment R46,448.48
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Levy
R4,912
Monthly Rates
R5,723.9

UNLOCK POTENTIAL WITH PRIME VACANT LAND AT ZIMBALI LAKES BOULEVARD

This prime vacant land, located at Zimbali Lakes Boulevard, offers a unique opportunity for investment in a highly sought-after area with light industrial mixed-use zoning. The property is versatile and can be utilized for either residential or commercial purposes, depending on the buyer's needs and vision. With its strategic position and easy access to major transport routes, the land provides the perfect canvas for a variety of developments, whether you're looking to build a residential community, set up a business hub, or create a combination of both. The zoning flexibility enhances its appeal, allowing for customization in line with your specific goals.

Zimbali Lakes Boulevard is an expanding and vibrant location, offering a blend of modern living and convenience. The Boulevard is part of the greater Zimbali Lakes Resort development and owners of property within The Boulevard have access to the Zimbali Lakes Resort amenities. The area has a unique and specific zoning within the greater Zimbali Town Planning Scheme called Mixed Use Light Impact (MULI) with the sub-category MULI2 applicable to this PUD site. It provides for a min. Erf size of 900 sqm, FAR of 1.00 and coverage of 70% in total with the residential component of a proposed development restricted to 40% FAR of the total site. The height restriction is 3 storeys.

Zimbali Lakes Resort, Ballito

The town of Ballito was established in the early 1960's starting out as a seaside getaway for fishing holidays. Since then Ballito has grown into a thriving town with major retail outlets and a range of both permanent and holiday vacation properties.  The 2.5 km Ballito Promenade is one of the greatest tourist draws of the Ballito stretching from Willard Beach to Salmon Bay. Located along this promenade is a...
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Macroeconomic Overview & Main Reasons for Selling
How's the market doing? If you are at the coal face of real estate transactions daily, as we are, you would have noticed a shift in the past two months with enquiries on properties down on prior months. When we look at the...
 
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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:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

46,448.48

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