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R1,995,000

Monthly Bond Repayment R21,275.27
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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20 ON GLENRIDGE - CONTACT US TO EXPRESS YOUR INTEREST IN PURCHASING AN APARTMENT/SUITE

The local Municipality planning division has suggested that the developer reconfigures the proposed layout of 20 on Glenridge. Together with D&A Architects it has been agreed upon that the development will be built as a single development with a total of 48 - two bedroom/bathroom apartment with two parking bays.

Amended plans have been submitted to the local planning authorities for approval. In theory by building this
proposed structure as a single development it will speed up the whole projects timeline and reduce the potential unnecessary delays anticipated with the local planning authorities. It should be noted that in order to reduce the overall construction costs no lifts will be installed.

The proposed development will be 3 storeys in height, the basement parking based level will however now be raised to a semi-basement level (effectively ground level).

The existing full floor plate at the upper ground level will be revised to reduce the number of apartments to
10. The original full floor plate on the first and second floor levels will remain unchanged with 19 apartments
on each floor. The swimming pool, gym, spa, coffee shop and hotel reception areas will still be constructed as originally planned.

The parking design will also be revised to address the site planning in respect of the semi basement and
ground floor parking with a guard house separating the entrance/exit routes. We are in the final phase and the selling price of an apartment will be from R1 995 000. At this point in time we are still requesting that all interested Buyers kindly complete and sign a letter of intent and to pay a refundable deposit of R5000 in order to secure an apartment.

Mixed-use developments are becoming increasingly more prevalent today which reflects a shift in
the local market to build environments which cater for multiple uses in one development including residential,
coffee shop, gym, spa, swimming pool and hotel apartments and reception. (Pet Friendly)

In this proposed development which is in a prime location at the corner of Rodger Sishi (Blair Athol) and
Glenridge Roads in central Westville offering two bedroom/bathroom/parking's apartments for sale.

24-hour security will be provided with the necessary security technology which will allow
apartment owners easy and secure access including a guard house at the entrance/exit to the
semi-basement parking. Operating a building with multiple components each with a different usage, requires detailed planning and consideration as to ensure that the interaction between each different component is both effective and adds value to the owners of the apartments.

You as the apartment owner may choose too either occupy your apartment or alternatively lease your
apartment through the hotel. The benefits to this type of development includes an increase in usage and
design flexibility.

Westville is strategically situated within easy access to our local major road networks being the N3 and
M13/M19 motorways.

The suburb of Westville is multi-cultural with a strong sense of community life, offering a wide range of
sporting and recreational facilities - Virgin Active - Planet Fitness - Westville Swimming Pool, Bowling and
Tennis Clubs.

Some of the best schools in the province are located in Westville such as Westville Boys and Girls High School, with excellent shopping facilities such as The Pavilion, Westville Mall, The Westville Junction and Westwood Mall.

20 on Glenridge will be situated on a site which comprises of lush and leafy greenery on 6769 square
metres of land.

The development once completed will be a three level building with both semi-basement and ground floor parking, and an open-air parking bay on the ground floor will be allocated to each apartment.

The apartments will be located on the ground floor and upper two levels. The area size of the bedroom/bathroom apartment is 64.5 square metres, the balcony is 11.5 square metres and the two
parking bays is 28.5 square metres.

Features

2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
75m²
Land Size
6,169m²

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Westville, Durban

The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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Tyson Properties Westville Achievements
We are delighted to announce that the following Agents from our Westville Office received awards at our recent Awards Dinner for the year ending February 2017. The Diamond Status Agents were as follows: Debra Maddocks, Sharon...
 
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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

21,275.27

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