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R13,000,000

Monthly Bond Repayment R140,881.92
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R8,500

Boutique Hotel Investment Opportunity

So, you dream of retiring to the beach, yet you long to run your own successful business and have a fantastic monthly income?

Would you like to be within walking distance from the beach, live on the property and celebrate each sunrise and sunset?

You would like an establishment with many years of successful operation and a spotless reputation?
A stunning Bed and Breakfast situated within walking distance from Salt Rock beach is being put on the market. This type of running concern is an extremely rare find and won't be available for long.

The property consisting of 16 units and cottages, mostly fully booked, even throughout the off-season with holiday makers and businesspeople. It has proven a popular establishment, with guests returning year and year, season after season.

Each unit comes with a private veranda with picturesque views of sea and/or valley - soak up the last rays of the sunset or salute the sunrise with a cup of coffee.

Bathrooms are all en-suite and ultra-luxurious. Coffee-making facilities and wall-mounted televisions with DSTv is standard in every room option and wifi is available throughout.

The kitchen is fully equipped to deal with the various breakfast options available to guests.

A sparkling pool is set amongst lush vegetation and swaying palms. Parking inside for guests consist of 19 parking bays and the property is ultra-secure - fully walled with intercom and electronic gates.

All financial accounts are available upon request. The bed and breakfast establishment is VAT registered and with a buyer also VAT-registered, there would be no transfer costs. The current manager lives on the premises and is willing to remain in this position to assist with daily bookings, cleaning schedules and breakfast preparations.

You could choose to live in the owner's cottage overlooking the pool - a fully contained apartment, with kitchen, private balcony and open-plan living area.

Features

12
12
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
12
Kitchens
1
Furnished
Exterior
Carports / Parkings
16
Security
Yes
Flatlet
2
Pool
Yes
Sizes
Land Size
2,229m²
Extras
Laundry • Built In Braai • Patio • Security Gate • House Style: Contemporary • Unit Style: Hotel / Strata • Views: Sea / Ocean • Locality: Close To Beach • Living Area: Open Plan • Kitchen: Modern • Kitchen: Open Plan • Kitchen: Dishwasher • Kitchen: Double Sink • Main Bedroom: Double • Ensuite: Spa Bath • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 2: Built-in / Wardrobe • Bedroom 3: Double • Bedroom 3: Built-in / Wardrobe • Bedroom 4: Double • Bedroom 4: Built-in / Wardrobe • Main Bathroom: Spa Bath • Main Bathroom: Separate Shower • Outdoor Living: Entertainment Area • Outdoor Living: Garden • Outdoor Living: Verandah • Pool: Chlorine • Pool: Private • Pool: Security Fencing • Garaging / Carparking: Off Street • Land Contour: Flat To Sloping • Condition: Good • Water Supply: Town Supply • Sewerage: Mains • Security: Electric Fencing • Security: Intercom • Window Coverings: Drapes • Window Coverings: Blinds • Kitchen: Gas Bottled • Kitchen: Scullery • Kitchen: Finish • Kitchen Finish: Granite • Additional Rooms: Other • Insulation: Ceiling • Heating / Cooling: Ceiling Fans • Heating / Cooling: Split Cycle A/c • Outdoor Living Entertainment Area: Covered • Outdoor Living Entertainment Area: Uncovered • Outdoor Living Entertainment Area: Paved • Window/door Frames: Aluminium

Salt Rock, Ballito

Welcome to paradise! Approximately 40km north of Durban, on South Africa's east coast in the province of KwaZulu Natal, sits Ballito, a popular seaside vacation town and residential suburb. The once sleepy seaside village is now a bustling "mini-city within a city," tucked away in a great evergreen sugarcane plantation, with golden beaches and the warm waters of the Indian Ocean beckoning visitors to its...
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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

 

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Monthly Payment

140,881.92

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