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R2,685,000

Monthly Bond Repayment R29,097.53
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,000

Successful 3 star guest house – 314 mts from the beach

An ideal opportunity to retire and earn a good income while living on the property. The current owners live on the property and successfully run the popular guest house. It has a good reputation and has received a 8.5-star rating, generating a lot of repeat guests.

The property can accommodate 17 guests and has secure parking for 9 vehicles. The main house is made up of 1 bedroom, an en suite bathroom and 1 lounge upstairs plus an open plan lounge, kitchen, dining room, guest toilet and enclosed patio downstairs.


2 Apartments have 2 bedrooms and a full bathroom with self-catering facilities plus there are 2 double rooms with en suite bathrooms.

There is a lapa next to the swimming pool which has a built-in braai and a fully equipped kitchen with space to serve breakfasts to the guests. Beautiful sea views can be enjoyed from most of the property including the swimming pool and jacuzzi.

There is a separate laundry with an outside toilet, storeroom and workshop. Financials are available for viewing for serious pre-qualified buyers. There is a JoJo tank that feeds the house with water when necessary. The property is sold fully furnished including good quality linen. The alarm system that is in the house is zoned separately for each apartment.

Features

7
6
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
6
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
9
Security
Yes
Pool
Yes
Sizes
Land Size
1,012m²

Uvongo, Margate

Uvongo is a bustling holiday town on the KwaZulu-Natal south coast. Real estate and property investors can choose from houses, villas, apartments, townhouses, cluster developments, security villages, retirement complexes, guesthouses and vacant land. Although is essentially a holiday town, it is occupied virtually year round. The town is located between the popular towns of Margate and Port Shepstone and is known...
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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

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Monthly Payment

29,097.53

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