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R4,799,000

Monthly Bond Repayment R51,177.96
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R3,300

Commercial Prospects - 8 Bedroom Fully Furnished Spacious Home

Updated 7 AUGUST 2024

Welcome to this exceptional opportunity in the prestigious area of St. Michaels. This fully furnished 8-bedroom house is a haven for those who envision embarking on the rewarding journey of running a guest house business or simply as a spacious family home, its allure is undeniable."

Upon entering the wide, expansive entranceway, you're greeted by a warm reception area that seamlessly flows into an open-plan dining, lounge, and bar space. French doors lead to a patio adorned with a braai area, outdoor seating, and tanning loungers, all surrounding a large sparkling swimming pool—an ideal setting for al fresco dining and relaxation.

As you head down the passageway from the entrance, discover six elegantly appointed ensuite rooms, each tastefully furnished. Every room boasts ceiling fans and televisions for added comfort and entertainment. For those seeking extra privacy, two ensuite rooms feature their own outside entrances.

A spacious, fully equipped kitchen complete with an office and storage room awaits your culinary prowess to create delectable meals for your family, friends, and esteemed guests. A separate scullery area adjacent to the kitchen ensures efficient workflow.

Addressing water concerns, the property features a 5000-liter Ugu water tank as well as a 5000-liter rainwater collection tank. For added security and peace of mind, CCTV cameras are installed throughout.

Situated on two properties, this expansive land includes undeveloped vacant land, offering potential for further expansion and development.

Adding to its allure, the house boasts a store room passageway that runs the full length of the house. Access is gained via a staircase situated on the side of the house, providing convenient storage solutions and easy accessibility.

Exciting Business Opportunity: Previously thriving as a successful bed and breakfast guest house, income and expenditure figures are readily available on request. Nestled in a strategically bustling locale, our property is ideally positioned near St. Michaels Beach, a surfers paradise and Orange Rocks a haven for fishing enthusiasts, and is also within proximity to the Shelly Centre. Boasting a Business usage zoning for Tourist Residential 3, along with readily accessible building plans, this venture presents a promising prospect for entrepreneurial success.

To explore this remarkable property or for further details, please don't hesitate to contact Gail Mortimer, Steven Plint or Carol Stober to schedule a viewing and turn your dreams into reality. We eagerly anticipate hearing from you.

Features

8
8
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
8
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
8
Security
Yes
Pool
Yes
Sizes
Floor Size
400m²
Land Size
2,572m²

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🌊 Join Us for a Beach Cleanup Day! 🌊
Call Gert 0844109242 for more info 🗓 Date: Saturday, 21st September 2024 📍 Where: 1 Bank Street, Margate ⏰ Time: 8:30 for 9 AM (2 hours) Let's come together to keep our beautiful coastline pristine! Grab your...
 
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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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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

51,177.96

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