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R8,820,000

Monthly Bond Repayment R89,543.19
Calculated over 20 years at 10.75% with no deposit. Change Assumptions

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Monthly Rates
R2,200

Stunning pristine B&B for sale

Features
• Two adjacent properties set in a pristine landscaped garden
• Well established for 24 years
• Good reputation with good income
• Step into this business and run the business with turn key operation - everything included
• Conference facilities
• Exterior features including braai area, laundry, staff accommodation, fully equipped office and water tanks
• Established, landscaped garden
• Each property has its own entrance
• Security including intercom and cctv cameras
• Solar lights
• 5kva Solar inverter

Additional buildings
• 1 x Conference Centre/dining room
• 1 x Office
• 1 x Storage rooms
• 1 x secured tool shed
• 2 x single lock up Garages. One on each property

Property one
The dwelling is ± 239m² in extent, with plastered brick walls and wooden door and window frames, all under tiled roofing. The exception being the bedroom that caters for wheelchair bound persons, which has aluminium door and window frames. Tiled flooring can be found in the bathrooms, kitchen, laundry and dining rooms. The rest of the dwelling has wood block flooring, which is covered by carpet flooring in the bedrooms and the lounge. Rhino boards line the ceilings.
The dwelling houses extensive built-in cupboards throughout. The lounge contains a built-in fireplace. Concrete patios go out from the lounge and one of the bedrooms. An electrical inverter is installed in the dwelling with 3 solar panels on the roof. Electricity is supplied to lights in each bedroom on the subject properties.
The main dining room has a tranquil view of the garden and natural light inlets in the roof. The rooms in the dwelling are as follows:
* 3 bedrooms
* 3 ensuite bathrooms (one for each bedroom) and one separate toilet for dining room
Entrance hall
* 1 kitchen with adjoining laundry
* 1 Spacious lounge
* 2 dining rooms. One guest dining room is 52m2 is suitable for events and conferences.
Carports ± 40m² and ± 74m² in combined extent provide cover for guests’ vehicles. They have shade cloth and Perspex covering respectively, supported by steel poles.
Solar lights are spread across the property as well as security cameras, which are connected to the inverter. A neatly constructed fireplace serves both properties, complimenting the Bed and Breakfast enterprise and contributing to a relaxed atmosphere. The pristine, well established landscaped garden, and the improvements appear to be in excellent condition. The garden also has fruit trees and abundant bird life.

Property two
Dwelling
The dwelling is ± 235m² in extent, with plastered brick walls and steel window frames, under corrugated iron roof. Four bedrooms have carpet flooring while the spacious family room, sleeping four persons, has wooden origen pine flooring. Tiled flooring can be found in the remainder of the dwelling. Rhino boards line the ceilings. Built-in cupboards are well spread throughout the dwelling.
Concrete patios, two of which are under roof, go out from each of the five entrances. A few natural light inlets in the roof add to the lighting of the dwelling.
The rooms in the dwelling are as follows:
* 7 bedrooms
o The Family room, mentioned above, with kitchenette, with self-catering facilities.
o A further large room for self-catering with kitchen.
o 3 rooms with shared building entrance, tv lounge and spacious fully equipped kitchen.
o 2 smaller rooms with space for a standard double bed.
* 5 ensuite bathrooms
* 1 bathroom with a separate toilet for 2 bedrooms sharing.
* 3 separate kitchens
* 1 tv lounge
Professional valuation of property and business by local surveyors, have advised that:
* The 12 rooms have average occupancy rates of 30 - 50%.
* Executive rooms (2) and the Earl Grey flat can be booked at R750 per night (pn), Family room (sleeping 4 people) R1700 pn, classic rooms (3) R600 pn and the standard rooms (4) R500 pn.
Once in a lifetime opportunity for investing in a well-established 3 star Bed and Breakfast with good reviews.
This pristine Bed & Breakfast is centrally located with ample signage. Rates are about R2200pm for both properties.
Located on 3740m² of prime level land which is on two properties combined, measuring 1870sqm each. Properties and business are to be sold together. A property that has to be seen!
Reason for selling. Owner wants to retire. Price includes VAT if applicable.
Seller requires proof of affordability before viewing.
Contact Janine to arrange your own private viewing.

Features

12
11
2
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
11
Kitchens
2
Reception Rooms
4
Studies
1
Furnished
Exterior
Garages
2
Carports / Parkings
8
Security
Yes
Domestic Accommodation
1
Sizes
Land Size
3,740m²

Dundee, Dundee

Dundee The pretty little town of Dundee, which has managed to retain much of its aesthetic rustic appeal, lies in the valley of the magnificent BiggarsbergMountain range some 325 kilometres from Durban and only 30 minutes’ drive from the neighbouring towns of Ladysmith and Newcastle. Dundee was originally a farm owned by a Scotsman who named it after his hometown. The coal mining town of Dundee is...
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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:

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

89,543.19

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