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R21,500,000

Monthly Bond Repayment R207,479.65
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Spectacular 1,1ha small holding in the heart of Somerset West with developing opportunity.

This unique small holding is one of the oldest standing residential buildings in Somerset West. It is located walking distance from Mediclinic Vergelegen hospital and 1,1km from the nearest shopping centre, with a 25 minute traveling time to Cape Town International Airport and a 40 minute drive to Cape Town City Centre via the N2. Somerset West is a middle to upper-income town, with many good schools all within a 5km radius from this property.

Besides the spectacular history behind this holding, you have access to unlimited water flowing from the mountain, as well as borehole water. The property consist of a main 4 bedroom house, 2 bedroom cottage house, 2 added storage/extra buildings and a single garage, all to be renovated. Also to mention that some areas of the site has heritage holding.


The zoning of this property is currently zoned SR1 (Residential) and is a huge opportunity for potential developers. The total size of this erf is 11490m2, in a prime location for Residential Developing. *Developers can contact for more details and regulations on this property*

Features

4
2
1
Interior
Bedrooms
4
Bathrooms
2
Reception Rooms
2
Studies
1
Exterior
Garages
1
Flatlet
1
Views
Yes
Sizes
Land Size
11,490m²

Bridge Water, Somerset West

Somerset West forms the largest part of the Helderberg basin, consisting of the Strand, Gordons Bay & Somerset West. Somerset West property offers you the convenience of city amenities 5 minutes from a world-class beach area in the Strand - all without losing its small town feeling and character.  Located on the eastern edge of False Bay, it is within 20 minutes of Cape Town International airport, 45 minutes from...
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In the news

Waterstone Village Shopping Centre In Somerset West Is Expanding
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Disclaimer: While every effort will be made to ensure that the information contained within the CCH (Cape Coastal Homes / City Country Homes) website is accurate and up to date, CCH (Cape Coastal Homes / City Country Homes) makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

R
%

Monthly Payment

207,479.65

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