Property
South Africa

8

Beds

3

Baths

8

Parking

714 m²

Floor area

Commercial 8 beds 3 baths 714 m²

About this property

Overview

This Business II–zoned property offers a fantastic opportunity for investors, entrepreneurs, or professionals looking for flexible space with multiple income options. The original family home has been thoughtfully converted into three separate, self-contained units, each with its own entrance, creating privacy and convenience for tenants and owners alike.

With three income-producing units, flexible zoning, and the option to live and work from one address, this property offers real value and plenty of possibilities.

Units

Unit 1 – Residential Accommodation

  • Two bedrooms
  • One bathroom
  • Open-plan kitchen, dining and living area
  • Stoep and private garden

Unit 2 – Office Space

  • Two separate office spaces
  • Kitchen
  • Bathroom

Unit 3 – Flexible Commercial Space

Currently with long-term lease agreement.

  • Reception or foyer area
  • Five individual cubicles
  • Kitchenette
  • Bathroom

Location

Located close to schools and all other amenities, this property offers a good central location within Riversdale.

Rooms & layout

Bedroom × 8
Bathroom × 3
Kitchen
Dining Room
Lounge
Study × 2
Reception
Garage × 8

Features & amenities

Business PropertyMulti unitIncome PotentialOffice SpaceCommercialResidentialSelf contained unitsLong term leaseCentral locationSchools nearby

Price & ownership

Asking price R 3 600 000
Price per m² R 5 042
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 3,6M
Taxes + legal + admin fees R 235,2K

Rough split: 93.9% purchase price, 6.1% buying costs.

  • Asking price R 3 600 000
  • Transfer duty (est.) R 173 356
  • Deeds Office (transfer) R 3 128
  • Conveyancing (est., incl. VAT) R 58 685
  • Deeds lodgement R 52
  • Total indicative R 3 835 221

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice. Confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 33 996 /month

Total paid over 20 years (deposit + repayments): R 8 519 015

Deposit 10% · R 360 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 3 240 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 600 000