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R18,500,000

Monthly Bond Repayment R178,529.00
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R9,000

Unique Guesthouse and hospitality opportunity in the heart of Milnerton.

This extraordinary property and business opportunity, is presented to the most discerning investors, looking for a unique opportunity to operate an established guest house and venue.
The property is situated on a 4000 square meter, piece of land, overlooking the Milnerton lagoon and golf course, with panoramic views of Table Mountain to the South.
The property is established with sprawling lawns and garden, leading to a relaxed swimming pool and outdoor area, set under numerous large palm trees.
Accommodation is presented with a large manor house with three large bedrooms, all en-suite, a large dining space with a huge stone fireplace area, to accommodate guests and small conference requirements, as well as a bar area overlooking the immaculate and gardens and pool. An intimate lounge and TV room, with sumptuous teak paneled walls, gives one the feeling of elegance while relaxing in an environment of class and sophistication.
With a further Eight separate cottages, on the property, all in keeping with the Welsh cottage architecture, and thatched roofs, can accommodate up to eighteen guests at a time, in well proportioned rooms, all with their own facilities, providing a mix of self and hosted catering.
Currently a star rated facility, the business opportunity will appeal to a hospitality operator who is looking for an established venue with an existing client base. With an average occupancy rate of approximately 75% throughout the year, this unique opportunity cannot be ignored. The extent of the land lends itself to expansion opportunities, with the possibility of additional cottages.
With ample parking for several vehicles behind a well secured walled and palisade perimeter, the possibility for this property to be utilized as a wellness retreat, rehabilitation centre, or simply continue as an upmarket guest house, exists.

Features

13
11
Interior
Bedrooms
13
Bathrooms
11
Kitchens
2
Reception Rooms
3
Exterior
Carports / Parkings
20
Security
Yes
Pool
Yes
Sizes
Floor Size
260m²
Land Size
3,894m²

Milnerton Central, Milnerton

Milnerton is situated only 10 minutes drive north of central Cape Town and property owners can enjoy world-famous views of Table Mountain and Robben Island. Properties in this area are very popular amongst families of all ages who wish to live in a spacious home with a big garden. Purchase a property in Milnerton and become part of this community. Milnerton boasts a long, sandy white beach which is a favourite...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group 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

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Monthly Payment

178,529.00

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