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R6,880,000

Monthly Bond Repayment R74,559.05
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R5,000

Beautifully Elevated with Forever Views

A unique riverfront property with diverse potential is currently offered for sale on the Vaal River. Its slightly sloped terrain towards the 70m wide river frontage, coupled with the elevated main dwelling, offers not only stunning panoramic views but also creates a unique and picturesque setting.

The main building was designed for communal use by shareholders' families and consists of a covered entrance, opening to a welcoming and spacious living area, a snug lounge, a large built-in bar, an open-plan kitchen and a dining area surrounded on three sides by stacker doors opening onto an elevated patio for great entertaining and a stunning view of the Barrage area upriver. A jet master wood-burning fireplace, 2 alcove seating areas, a small store room, a guest loo plus a full bathroom also form part of the communal area on this level.
Upstairs, a pool room with a jet master wood-burning fireplace, a snug seating area and a small kitchenette opens onto a very spacious terrace for private entertaining. A loft storeroom contains the 7 geysers for the main building.

8 x Duplex units, 4 on either side of the communal area, with private entrances form part of the larger building. Each unit is approximately 70 sqm and consists of a downstairs bedroom, a bathroom with a shower, and a small storeroom, with an upstairs bedroom.

Each duplex unit has a separate entrance and a door on the riverside opening onto a patio area. The configuration offers residents privacy and autonomy while still being part of the communal living setup. The river-facing door provides residents with scenic views and easy access to the outdoor amenities and recreational activities at the river. All furniture is included and an inventory list is available.

A double boathouse and single garage with a storeroom is situated behind the main dwelling. The staff quarters consist of a communal area, a kitchenette, a lounge and a bedroom plus an outside shower area and storeroom.

Additional features: 1. Eskom 11kv power 2. Borehole and pressure tank system 3. Thatched lapa with fireplace at the riverside. 4. Boathouse (open at sides). 5. Slipway. 6. Volleyball court. 7. Camera system – 10 cameras enabling offsite monitoring. 8. Electric fence around the perimeter of all the buildings with an electric gate. 9. A galvanised steel fence surrounds the whole property. 10. Two security gates, one at the main entrance and one at the entrance to the buildings. 11. A sprinkler system with a pump and meter is stationed at the river.

The current shareholders are a group of social members/friends with interests in boating, water sports and the Vaal River lifestyle. The shareholders contribute to all the monthly operational costs. The property-owning company is registered as ‘not for profit’

2 x Boats on the property available for sale.
1. Fisher Freedom 240 DLX cruiser with 40 HP Mercury. Purchased in 2006 and refitted around 2014. The insurance value is R544 500. No trailer.
2. Angler Kestrel Speed boat with 225 HP Mercury Optimax outboard. Purchased in 2011. Trailer is Anglermate 180. The insurance value is R345 000. Interior was reupholstered in 2023
Both boats have a full-service history.

Features

16
9.5
3
Pets Allowed
Yes
Interior
Bedrooms
16
Bathrooms
9.5
Kitchens
1
Reception Rooms
3
Furnished
Exterior
Garages
3
Carports / Parkings
3
Security
Yes
Domestic Accommodation
2
Sizes
Floor Size
1,100m²
Land Size
21,561m²
Extras
Aquatic Activities • Blinds • Boat Launch • Boathouse • Borehole • Built In Braai • Centre Island • Dishwasher Connection • Double Basin • Double Storey • Electric Fencing • Gas Hob • Fireplace • Guest Toilet • Irrigation System • Jetty • Laminated Floors • Oven And Hob • Patio • Lapa • Satellite Dish • Septic Tank • Staff Quarters Domestic Rooms • Storeroom • Totally Fenced • Waterfront • East • Aluminium Window
 
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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
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Monthly Payment

74,559.05

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