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R8,900,000

10 Summerhill Avenue

Monthly Bond Repayment R96,449.93
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R11,281

Incredible business and lifestyle opportunity at the Summerveld Country Lodge

This prime property is situated in the heart of elite horse country in Summerveld, and is set on 5.5 acres of park like level land. This property is an investors dream as well as a lifestyle opportunity for a family and extended family, with enough space and facilities for 6 horses.this property is currently run as a successful bed and breakfast with huge income generation from the numerous cottages, as well as restaurant and bar and gaming room. The huge grass arena also hosts horse and dog shows and has the potential to be an amazing wedding venue too.

The main lodge consists of 8 bedroom 8 bathroom units that are fully furnished, with a kitchenette and toilet. There is a well established bar and restaurant with its own catering kitchen. There is a cosy dining room for guests as well as a full
undercover deck and veranda, utilised for functions and the restaurant. All fittings and furnishings and kitchen appliances and inventory included. There is also a kiddies play area complete with jungle gyms and a bouncing castle included. This property also includes another 4 x additional cottages for the extended family, or for excellent additional income earning potential.

Cottage 1- 1 bed/lounge/kitchen/shower /toilet and basin
cottage 2 – 2 beds/lounge/kitchen/shower/separate toilet and basin
cottage 3/main house – 3 beds/2 baths/lounge/dining room/study/kitchen/ 3 garages/
separate laundry
cottage 4 – 1 bed/1 lounge/kitchen/separate bathroom

whether you are looking to escape the bustle of city life and work from home at this country retreat, or looking for an amazing investment opportunity, this property will not disappoint!!!

Call me Cara Ridl Equestrian Enthusiast and property consultant today, for your own private exclusive viewing.

Features

14
13
3
Pets Allowed
Yes
Interior
Bedrooms
14
Bathrooms
13
Kitchens
1
Reception Rooms
6
Studies
2
Exterior
Garages
3
Security
Yes
Flatlet
2
Domestic Accommodation
2
Sizes
Land Size
22,257m²
Extras
24 Hour Access • 24 Hour Response • Air Conditioner • Alarm System • Atrium • Awning • Balcony • Garden • Grill • Guest Toilet • Scullery • Septic Tank • Shared Living • Sliding Doors • Built In Braai • Cooling Fans • Icemaker • Intercom • Storage • TV • TV Port • Telephone Port • Communal Braai Area • Country Style • Curtain Rails • Deck • Dishwasher Connection • Driveway • Electric Garage • Electric Fencing • Laundry • Open Plan • Oven & Hob • Pantry • Tiled Floors • Totally Fenced • Under Counter Oven • Veranda • Washing Machine Connection • Electric Gate • Extractor Fan • Eye Level Oven • Fan • Fireplace • Covered Patio • Paveway • Recreation Room • Satellite Dish • Water Tanks • Wendy House • Wooden Floors

Summerveld, Hillcrest

The suburb of Hillcrest is known for its well-established community, and is popular for its upscale homes, scenic views, and lush greenery. The area is considered one of the most sought-after residential areas in the Upper Highway area due to its proximity to top schools, shopping centres, and recreational facilities. The property market in Hillcrest is strong, with a high demand for both rental and sales...
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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

96,449.93

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