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R3,650,000

4 Botha rd

Monthly Bond Repayment R38,924.68
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Functional and beautiful property in Selborne

Are you ready to embark on a remarkable investment journey that combines profitability with a delightful lifestyle, seize this chance to own this bed & breakfast, also known as the Olives.

A haven where guests can unwind, make memories, and where your investment can flourish. The Olives offers a variety of well-appointed guest rooms, each thoughtfully designed to provide comfort and convenience. The rooms are tastefully decorated, combining modern amenities with a touch of traditional charm, features that make each room a delightful retreat for guests, adorned with tasteful decor and comfortable seating. The interior design exudes a blend of contemporary and stylish elements, creating a harmonious and relaxing environment. The areas are carefully designed to provide guests with both privacy and social spaces to mingle and enjoy their stay.

This property offers ample space for comfortable living, providing versatility for various living arrangements and customization options. In addition to the main house, there are two bedrooms located outside with their own en suites, offering convenient and private accommodation for guests or extended family members. The inclusion of negotiable furniture in the deal means that the house comes fully equipped, saving you the hassle and expense of furnishing the property from scratch. With seven rooms and bathrooms, this property offers endless possibilities for utilization, whether as a guest house or a large family home. Each room having its own en-suite bathroom ensures privacy and convenience for guests or residents, creating a comfortable and personalized living experience.

Situated in a desirable location, this property offers easy access to amenities, attractions, and transportation, further enhancing its appeal for guests or potential buyers. If you decide to operate it as a guest house again, the property's existing infrastructure and layout make it a turnkey operation, saving you time and effort in getting the business up and running smoothly.

This is most certainly a wise choice, especially for those who are looking to pursue the lucrative hospitality industry. Investing in a bed & breakfast is not just a financial opportunity—it's an opportunity to create a haven for travelers, a place that leaves a lasting impression on their hearts and minds. It's a chance to turn your passion for hospitality into a thriving business venture.

Features

8
8
2
Interior
Bedrooms
8
Bathrooms
8
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
3
Flatlet
2
Sizes
Land Size
809m²
Extras
Laundry • House Style: Character • Views: Private • Locality: Close To Schools • Locality: Close To Shops • Locality: Close To Transport • Living Area: Formal Lounge • Kitchen: New • Kitchen: Finish • Kitchen Finish: Melamine • Main Bedroom: Double • Main Bedroom: Built-in-robe • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 2: Built-in / Wardrobe • Bedroom 2: Additional Info • Bedroom 3: Double • Bedroom 3: Built-in / Wardrobe • Bedroom 3: Additional Info • Bedroom 4: Double • Bedroom 4: Built-in / Wardrobe • Bedroom 4: Additional Info • Bedroom 5: Double • Bedroom 5: Additional Info • Bedroom 6: Double • Bedroom 6: Additional Info • Window Coverings: Drapes • Bedroom 7: Double • Bedroom 8: Double • Heating / Cooling: Ceiling Fans • Heating / Cooling: Other • Garaging / Carparking: Double Lock-up • Land Contour: Flat • Condition: Good • Water Supply: Town Supply • Bedroom 7: Additional Info • Bedroom 8: Additional Info

Selborne, East London

Located halfway between Durban and Cape Town, and at the northern end of The Sunshine Coast, property investors will come home to a city with a seaside lifestyle. A sub-tropical climate compliments golden sun kissed shores, where waves soak the sand on pristine, uncommercialised beaches. In East London, there is a place for everyone to call home. If your budget and lifestyle is conducive to luxury living, suburbs...
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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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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

38,924.68

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