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R3,500,000

Monthly Bond Repayment R37,325.04
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,500

Property with Immense Business Potential in Glen Austin

Ideal for a Guest House or Student Accommodation
Nestled in the secure boomed area of Glen Austin, this property offers an excellent opportunity for entrepreneurial investors. With its spacious layout and versatile design, it is perfect for establishing a guest house or student accommodation.

Upon entering, you are welcomed by a charming foyer complete with a convenient guest toilet. The property features ten rooms and flatlets, each varying in size and all en-suite, ensuring privacy and comfort. These rooms all have private access from outside, enhancing the guest experience. The three large and bright communal sitting and dining areas are perfect for socializing and relaxing, making them ideal for guests to unwind.

The large kitchen and scullery area are well-equipped for extensive food preparation, ensuring that catering to multiple guests is both efficient and seamless. Staff rooms with en-suite bathrooms provide on-site accommodation for staff members, enabling them to offer round-the-clock service to guests.

Ample storage is provided throughout the property, with multiple storerooms scattered around and five additional wooden storerooms. The outdoor amenities are equally impressive, featuring a lovely swimming pool that, with some maintenance, can become a centerpiece for leisure activities. An enclosed patio with a braai area offers a perfect setting for outdoor gatherings, while the large open garden area provides a tranquil retreat for guests or residents.

The property benefits from a strong borehole, though it requires some maintenance to be fully operational. Additionally, the triple garage and sufficient parking space ensure that guests or residents will have no trouble finding a place to park.

While this property is structurally sound, it does need some painting and finishing touches to reach its full potential. Perfect for buyers looking to make this investment their own or for those seeking a rewarding renovation project.

On Exclusive Mandate to Harcourts - Don't miss out on this fantastic opportunity. Contact us today to arrange a viewing and explore the endless possibilities this property has to offer.

Features

10
12
3
Interior
Bedrooms
10
Bathrooms
12
Kitchens
1
Reception Rooms
3
Exterior
Garages
3
Carports / Parkings
5
Security
Yes
Domestic Accommodation
2
Pool
Yes
Sizes
Land Size
8,565m²
Extras
Accommodation • Boomed Area • Borehole • Communal Braai Area • Country Living • Covered Patio • Fireplace • Staff Quarters Domestic Rooms

Glen Austin AH, Midrand

Midrand was established around a small village called Halfway House due to its location being halfway between Johannesburg and Pretoria.  Midrand is conveniently situated 38 kms from Lanseria airport and 22 kms from OR Tambo International airport. Midrand also offers residents commuting to and from the big cities convenient travel on the high-speed Gautrain rail system. The weather in Midrand is generally warm...
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

R
%

Monthly Payment

37,325.04

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