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R9,800,000

Guest House and Cottages for sale

10/02/2021 Listing Uploaded
VAT INCLUSIVE IN THE ASKING PRICE OF R9 800 000
No Transfer Fees

Established guest house and 17 fully let apartments for sale in Potchefstroom.

This is an owner-operated guesthouse and they also live on the property. With a bit of focus and time, a new owner can easily increase the occupancy rate and profitability. The possibilities with this property are endless.

Cottages information / Permanent Rentals

Completely separate from the guest house, you will find approximately 4000 sqm of land. This tranquil area has been created for the apartments that generate the monthly rental income. Carports are situated nearby, for the convenience of the tenants.

The seller has been successfully renting out these 17 income-generating apartments since 2002.


Guest House information

Reception room
7 Rooms
7 Bathrooms
Kitchen with separate scullery and laundry area
Huge breakfast and dining area
Open plan dining area with lounge and tv room
Veranda
Pool
Conference room and/or restaurant with fully equipped kitchen (liquor license this is also up for sale but will be a separate agreement)
Double garage
Walk-in cold storage



Adjacent to this guest house is another property. This will be sold separately from the guest house.
This property could potentially be a venue for weddings or functions. This will be the ideal situation for these two properties

The property is sold without furnishings and can be negotiated

Features

0
0
Title:
Freehold
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
850m²
Land Size
6,000m²
 
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

139,188.87

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