Exquisite apartment for sale in complex with direct access to the sea and 360° degree mountain and sea view.

Exquisite apartment for sale in complex with direct access to the sea and 360° degree mountain and sea view.

Introduction:

• The owner bought two apartments in this golf development estate and converted it into a very exquisite artistic living 300 square meter unit comprising of 4 bedrooms, 3 bedrooms, 1 dining room, 2 lounges, 5 balconies all around the unit, jacuzzi, steam room, unobstructed sea and mountain views.
• It is located with direct access to the beach, the whole estate is well maintained and is renowned for an excellent return on investment.
• This apartment also includes the furniture and extra parking and a garage.
• The furniture speaks of high classic taste and is ultra-modern and the flooring has been redone with the highest quality material.
• The estate includes a golf course, tennis courts, clubhouse, swimming pools and entertainment areas.
• The apartment is situated on a corner and has no traffic flow past it, thus creating a very tranquil atmosphere.

Financials/Proposal:

• The apartment is registered in a PTY LTD with a huge accumulated loss which can be utilised by a buyer should he continue with commercial activities with the PTY LTD- a tax benefit of over R4 million can be achieved by taking this route.
• The apartment and its assets are the only assets in the PTY LTD and there is only 1 director/shareholder which can transfer the PTY LTD to a buyer.
• A recent valuation for the PTY LTD will be done if a buyer is interested in taking over the PTY LTD.
• In this case there will be no transfer fees payable by a buyer- the apartment is registered in 2 different sectional titles

OR

• The buyer can decide to only buy the apartment out of the PTY LTD in which case transfer fees will be payable.

PRICE:

• Buying the PTY LTD- R9,5 million.
• Buying the apartment out of the PTY LTD- R7,75 million.