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R26,800,000

Monthly Bond Repayment R258,625.80
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R25,885

A once in a lifetime opportunity - A unique pair of guesthouses in a unique location.

Rarely is there an opportunity to secure two adjacent highly successful and profitable 3- and 4-star businesses in the perfect location right on the beach. Located close to Durban International Airport, and walking distance to Virginia Airport, these guesthouses offer an ideal springboard to game parks, diving and surfing safaris and adventure trips. The beach they are located on is one of the most popular kite surfing and surfing beaches in Durban. Situated centrally, close to sports stadia, golf courses, the best restaurants, shopping malls and Umhlanga Rocks.

Together, there are 30 bedrooms, with sea-facing on both levels, all with modern en-suites and airconditioned. The rooms have breath-taking views over the beach, surf and city and lead out onto a wooden deck with elevated rim-flow pool overlooking the sea.

A Sanlam Top Destination Awards finalist - the properties feature 3 lounges, 3 kitchens, 2 pools, 3 dining areas, 3 garages, parking for 13 cars inside and 10 outside, office with switchboard and new hands free handsets, satellite TV, fibre optic installation, enhanced strength Wi-Fi, beach equipment, 2 laundries, 2 boreholes, braai facilities, patio, and lapa, built-in-braai and outside kitchen. Security is good with access gate, alarm, electric fencing, and camera surveillance.

The business is VAT registered so VAT and transfer free.
Together, they have unlimited business expansion potential and are being sold with all furniture, fittings and extras. There is a sound marketing and tourism framework in place, a large existing client base and an existing fixed rental lease.

Features

30
31
3
Pets Allowed
Yes
Interior
Bedrooms
30
Bathrooms
31
Reception Rooms
6
Studies
1
Exterior
Garages
3
Carports / Parkings
10
Security
Yes
Domestic Accommodation
1
Pool
Yes
Views
Yes
Sizes
Floor Size
1,490m²
Land Size
2,024m²
Extras
3 Kitchens, Security Camera System, Reception Desk and Office, Switchboard, Laundry
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Sam Harwood Property website is accurate and up to date, Sam Harwood Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

258,625.80

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