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Opportunity for development and restoration

This building needs lots of TLC but it is 2 storeys high and strong enough to build a third storey on top for a restaurant or wedding venue with lovely views of the town of Viljoenskroon. It was a very well built hotel around 1950 and has no cracking problems. There were originally 27 rooms with a cupboard and a basin. Some rooms had a bathroom ensuite and otherwise there were communal ablution facilities. There was a large kitchen, coolroom, dining, reception area, and hall. There are also four rooms at the back for storage place.
There are presently five shops being rented out without electricity. The new buyer will need to pay for electrical and water pipe installations. This property is truly for a buyer with vision to improve the building , make it viable again and fulfil a demand for rental property in this area.
Rooms and shops could be rented out for approximately R 1500.00 per person and fulfil a demand for rental property in this area.
Please make an appointment to view.

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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

13,918.89

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