Beachfront Penthouse At Garden Route - Eastern Cape Apartments Property For Sale Or Rent at BestRealEstatePlanet.com

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Property For Sale Or Rent: Beachfront Penthouse At Garden Route

South Africa, Eastern Cape

Port ST.FRANCIS
Eastern Cape
South Africa

Property for sale: 350,000 € (Negotiable)

Penthouse For Sale in Port ST.FRANCIS, Eastern Cape South Africa

This is a development that consists of a number of blocks of flats, hotels, restaurants and the harbour where the chocka boats depart from. You will also see from the pictures that there are facilities for property owners in the complex to keep their own boats and yachts in the harbour. The whole development is sometimes referred to as the â€œLittle Monacoâ€�? of South Africa. It forms part of St.

This is a development that consists of a number of blocks of flats, hotels, restaurants and the harbour where the chocka boats depart from. You will also see from the pictures that there are facilities for property owners in the complex to keep their own boats and yachts in the harbour. The whole development is sometimes referred to as the â€œLittle Monacoâ€�? of South Africa. It forms part of St. Francis Bay which is a playground of the rich and famous.

The property

â€¢ 225 sq. meters in size
â€¢ 3 bedrooms â€“ 2 downstairs, 1 upstairs, all with built in cupboards
â€¢ 3 bathrooms - ditto ( 1 with shower, 1 with bath, 1 with bath and shower, two on suite)
â€¢ Open plan kitchen and living room with fireplace
â€¢ Living room, kitchen and 2 bedrooms and two bathrooms downstairs with balconies all around and sliding doors from all rooms opening on to balcony. Built in braai on balcony. Bedroom and bathroom upstairs
â€¢ Double garage with servantâ€™s toilet and storage space on ground floor. Garage door is automated
â€¢ The penthouse is on the fourth and fifth level of the building and can be reached via stairs or by lift.
â€¢ The penthouse is not furnished nicely at present and the pictures are therefore not telling the full story.
â€¢ Monthly levy is R2200
â€¢ Alarm system in house as well as 24 hour security at entrance gate

Important income tax information

1) Foreigners who settle in South Africa will be exempt from South African tax on foreign pensions received provided these relate to past employment outside South Africa and are not deemed to be from an South African source. Social security payments from foreign governments are also exempt from tax.

People who are staying at least 183 days per year in South Africa are regarded as residents so the so-called â€œswallowsâ€�? can live less then 183 days in their other home.

2. As far as the individualâ€™s capital is concerned it does not really matter where it is invested because income earned from investments are taxable in South Africa no matter where they are earned in the world.

The Sell Price is 2,750,000 South African Rand. The Sell Price in Â£, â‚¬ or US$ is dependent on the exchange rate into South African Rand (2/2/05: Â£243,000 or â‚¬350000 or US$458,000).

Property Summary