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R1,250,000

99 10th Avenue

Monthly Bond Repayment R12,690.36
Calculated over 20 years at 10.75% with no deposit. Change Assumptions

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Large corner lot in the Kleinmond mountain avenues

Sole mandate. This large corner lot of approximately 1 700 sqm is waiting for its potential to be realised.
It forms part of a larger erf of approximately 4 000 sqm from which it has yet to be subdivided. It is the buyer’s prerogative to zone the divided section as one large lot or to divide it into two or even more sections depending on their plan to establish one residence on a large piece of land or establish multiple properties. The cost of the division will be negotiated with the seller.
Being on a corner allows the choice of access from either street and therefore more scope for the eventual design and layout of the new residences on the lots.
What's more, the large parcel of land on the west side immediately adjacent to this lot, 4400sqm in size and with services already established, is also available for development and even has an established central driveway. The savvy investor may wish to combine these lots to establish property of more than 6000sqm in size and the potential to construct a large cluster complex or something similar. Call on this agent for detail on the adjacent property.
Also call on this agent for detail on other off-book lots of land available in Kleinmond.


Why this erf
- A vacant lot three times the size of a standard Kleinmond residential erf. The buyer could decide how to divide it up to better realise the investment.
- East and north-facing corner lot with glorious views of the Three Sisters and mountain range. Having access from two street fronts allows for more development potential.
- The large parcel of land immediately adjacent is also available for development.

About Kleinmond
Kleinmond is located in the Overstrand Municipality, considered one of the best-run councils in the country and receiving clean audits year after year. As testament, it boasts a water quality index of 99.9%.
As a popular zoom town, Kleinmond has all the amenities needed for comfortable modern living, whether you are actively working, considering slowing down, or investing in a holiday or buy-to-rent home. There are several doctor’s rooms, dentists, pharmacies, vets, filling stations, thrift stores, vehicle maintenance and repair workshops, a clinic and primary school, businesses catering for electronics, printing, clothing, crafts, furniture, building material and hardware, and plumbers and electricians, as well as several small shopping centres. Every conceivable service is on hand, all situated mere minutes from your residence.
For absent owners, several businesses attend to home security, garden and structural maintenance, and cleaning. Of course, it is also home to a plethora of tourism-related amenities and activities, as well as a world-class golf course and the Harbour Road entertainment strip.
Kleinmond is just over an hour’s drive from the Cape Town airport, 45 minutes to Somerset West, and 30 km from Hermanus.
The availability of property in Kleinmond is finite. The town is situated in the heart of the Kleinmond Coastal and Mountain Reserve, itself part of the greater Kogelberg Nature Reserve. Bordered by estuaries and wetlands both east and west, a mountain range to the north and ocean to the south, the town’s borders are fixed, with no room for expansion. The result is that only existing open land can be developed, or existing structures upgraded.

 
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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%
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GRAND TOTAL:

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MONTHLY REPAYMENTS

 

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Monthly Payment

12,690.36

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