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R3,400,000

16 olympic avenue

Monthly Bond Repayment R36,258.61
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R4,167

Profitable Guesthouse In Prime Location

This business offers both the property and the established profitable guesthouse, located in a prime area known for stretches of unspoilt beaches with dunes including dolphins and whales in season. rock pool plus favorable fishing, diving and surfing spots that provide sport and recreation for the adventurous. It is not only convenient to King Shaka International Airport, it also has a 18 hole golf course, a miniature golf course, yacht club, a bird sanctuary and a nature reserve and the Millennium Tower where one can enjoy magnificent harbour and city views.

The guesthouse has been in operation for over 8 years earning an excellent client base and high earning ratings. An extraordinary business opportunity awaits your discovery offering unparalleled charm and functionality. Positioned perfectly at an attractive price in a prime location, this property promises to captivate both residents and guests alike. Step into the main foyer through the welcoming entrance hall leading seamlessly to an open plan dining area and family room. The decor of the guesthouse preserves its timeless elegance.. The kitchen and pantry provide ample storage, ensuring convenience at every turn. 6 guest rooms each equipped with its own en suite bathroom as well as a television with dstv and complimentary wifi, tea and coffee making facilities, a fridge and its own private balcony ensuring privacy and comfort. Secure parking caters for guest vehicles.

Additionally there are 2 one bedroom apartments which are rented out generating additional fixed income. There is also a 2 bedroom apartment which is presently occupied by the owners. Noteworthy features include gas stoves, water heaters, a solar water system and eight solar panels with an inverter reducing utility costs and air conditioning in every room. Enjoy amenities such as a large sparkling pool and braai area

This fully furnished guesthouse is included in the package and the property already has the necessary license to operate a guesthouse thus presenting a rare investment opportunity for the most astute buyer.

Features

10
10
2
Interior
Bedrooms
10
Bathrooms
10
Kitchens
3
Reception Rooms
3
Studies
1
Furnished
Exterior
Garages
2
Carports / Parkings
8
Security
Yes
Flatlet
2
Pool
Yes
Sizes
Floor Size
335m²
Land Size
938m²
Extras
24 Hour Access • Air Conditioner • Built In Braai • Electric Fencing • Gas Hob • Gas Oven • Fibre

Bluff, Durban

Situated between Brighton Beach in the south and The Point Waterfront in the north, is a lush green headland jutting out into the Indian Ocean separating the sea from the bay - This is the Bluff in Durban and it's only 35 kms from King Shaka International airport.   LOCATION: The Bluff consists of various suburbs namely Austerville, Brighton Beach, Fynnland, Grosvenor, Ocean View, Treasure Beach and Wentworth....
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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:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

36,258.61

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