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R21,500,000

50A Vincent Road

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Lucrative Golden Goose

Exclusive and lucrative investment with many possibilities.
Luxury Bed & Breakfast and Guest House boasting an area of 6975 sqm of erven across 2 upmarket properties in sought after East London Suburbs. The main complex based in the suburb of Vincent, with overflow and special occasions spilling over to secondary property in Lower Ridge Road Bonnie Doon.
For your funders we are due diligence ready including occupancy data proving the financial viability of this investment and the excellent returns on offer.
The main Vincent property boasts:
* 2 Reception areas
* Kitchen with separate scullery
* Large guest dining room
* Laundry room
* Staff Accommodation
*18 Self Catering spacious rooms, each with main en-suites


* 20 onsite parking
* Access control entrances from 2 sides
* Separate private house with 3 bedrooms with en-suite bathrooms, open plan kitchen/ lounge/dining room/ bar, separate scullery, separate TV Lounge. Sliding doors open onto a private patio. All finished in fitted Blackwood fittings.
Plenty secure parking with a double garage and triple carport.
*Bonus features: CCTV with 16 cameras, Internet, aircon's, alarm and fully secured.
* Property size 2050 sqm and rezoned "Business"

Property 2- Lower Ridge Road with river views includes:
This property offers development possibilities with a land size of 4925 sqm.
It boasts a luxurious main house with a grand entrance hall featuring:
*Private reception/ office
*Generous size TV Lounge
*Open plan dining room/ social lounge & bar area with aluminum doors opening onto a patio with built in braai.
*Gourmet kitchen with separate scullery
*Blackwood cupboards all round and gas stove
* 3 spacious guest bedrooms with en-suite bathrooms
* Master bedroom with walk in closet and en-suite bathroom
* 6 separate self catering units consisting of an open plan lounge/ kitchenette, bathroom and upstairs bedroom, outside patio and communal braai
*Separate staff room, store room and laundry
* Solar geysers
*Double remote garage and carports. Paved driveway with additional secure on site parking, with remote access
* Extras include CCTV and WiFi.

Features

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Zoning:
Commercial
Exterior
Security
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Extras
Alarm System • Security Gate • Security: Intercom

Vincent, 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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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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MONTHLY REPAYMENTS

 

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Monthly Payment

305,363.34

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