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R5,620,000

Monthly Bond Repayment R56,108.95
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R3,898

Prime CBD Guesthouse and Restaurant

This exceptional property presents a solid investment opportunity in the heart of the CBD, offering serious potential as a fully functional commercial B&B and restaurant. With 10 en-suite bedrooms and a private 2-bedroom flatlet complete with its own garden and patio, the property is ideally suited for multiple income-generating uses or as a mixed-use lifestyle investment. The restaurant is equipped with a reception area, kitchen, and veggie garden, making it ready to cater to guests or expand into a larger dining venture. Solar power ensures sustainable energy, while secure parking for 11 vehicles, high walls, security gates, and burglar bars provide peace of mind. A borehole and two JoJo tanks guarantee a reliable water supply, further adding to the property’s self-sufficiency.

The outdoor areas are thoughtfully designed for relaxation, featuring tranquil gardens and rest spaces where guests can unwind. Each bedroom is fully furnished and includes bedding, showers, and toilets, allowing for immediate operation with minimal setup required. The property’s location in the CBD makes it particularly attractive for different ventures. It can operate as a Bed & Breakfast for tourists and business travelers, be adapted into student accommodation due to its proximity to a local college and amenities, or serve as a mixed-use investment where owners live in the flatlet while running the restaurant and renting out rooms. With growth opportunities such as expanding the restaurant, creating entertainment or study areas, and catering to diverse markets, this property is a rare find with immense potential.

Features

10
10
Pets Allowed
Yes
Interior
Bedrooms
10
Bathrooms
10
Kitchens
1
Exterior
Carports / Parkings
11
Security
Yes
Flatlet
1

In the news

STANDER'S TEAM COMES OUT TOPS!
"EXCELLENT service without exception... always!" That is the motto of Benita Stander, the principal/director of Castello Properties trading as DPG - Gary Mann Estates, the ace Gauteng-based branch of the Dormehl Phalane Property...
 
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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
%

Monthly Payment

56,108.95

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