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Ideal Investment - Stone Throw From The Beach

Prestige 3 Star lodge a stone through away from the beach and fishing hotspots. This well maintained (15 bed) property, situated in Richards Bay, was established in 2003 and is sold as a going concern. Richards Bay is known as the Industrial Hub in Kwa Zulu Natal, North Coast.
This very successful B&B has a layout which provide you with the possibility to convert it into office space. It has three free standing units strategically placed allowing you the ultimate privacy in a beautiful tropical garden . Each unit is fully furnished with a kitchenette, bathroom, TV and internet.
The main building has a reception area, office, spacious on-suite bedrooms, large dining room area with a well equipped kitchen. This area is ideal for functions and boardroom meetings.
Adjacent to the dining room is a beautiful outside braai area with a spacious licensed bar on the side.
Three phase generator on property - no load shedding
Property - VAT entity

Features

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Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
870m²
Land Size
1,883m²
Extras
Near Medical Center • Alarm System • Closed Circuit TV • First owner • Energy Backup Unit • Domestic Bathroom Bathroom • Contemporary • On Busy Road • Kitchen - Extra • Braai • Air Conditioning Unit • Entrance Hall • Brick • Gas Oven • Wheelchair Accessible • Near Public Transportation • Balcony • Safe Location • By the sea • Security - System • High Speed Internet • Electrical generator • Fibre • Pets Not Allowed • Near Shops • Restaurant area • Near Beach • Near Shopping Mall
 
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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

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Monthly Payment

176,558.59

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