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R6,900,000

Monthly Bond Repayment R74,775.79
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R5,855

Fantastic Business Investment!

Nestled in the heart of the upscale Meerensee suburb, this exceptional property presents a rare opportunity for both seasoned investors and those looking to enter the hospitality industry. Boasting a 28-year legacy as a 3-star accredited guest house, this income-generating B&B is offered as a going concern.

Conveniently situated on the main road of Meerensee, this 3700m² property is a mere 2 minutes' drive from the beach and a shopping mall, it effortlessly offers just what most guests are looking for when visiting Richards Bay.

Comprising of thirteen rooms, including five self-catering units, the property can comfortably accommodate up to 28 guests. Each room is equipped with modern amenities, such as air conditioning, ceiling fans, safes, TVs, coffee stations, fridges, DSTV, and Wi-Fi, ensuring a comfortable stay.

For relaxation and recreation, the property features two inviting pools, braai areas, and koi pond water featured gardens. The enchanting setting creates an ideal venue for intimate weddings, special occasions, and romantic getaways.

Guest safety is a top priority, with electric fencing, CCTV cameras, and an enclosed parking area with four lock-up garages for cars and parking for boats. An automated entrance gate, equipped with remotes for each room, adds an extra layer of security.

A central dining area, capable of seating 32 people is service by a small team in the fully fitted gas and electric kitchen.

Sold as a going concern, this B&B is not just a property but a thriving business with a high occupancy rate. The continuous 3-star accreditation underscores its commitment to excellence. The property's reputation as a well-known establishment attracts a diverse clientele, including business people and holidaymakers and very loyal return customers year on year.

A three-bedroom house on the premises provides a comfortable living space for the owners quarters, featuring a spacious lounge, dining room, and kitchen area.

Whether you're seeking a wise investment, a lifestyle change, or a new business venture, this property encapsulates the perfect fusion of quirk, convenience, and business acumen. Meticulously maintained, perfectly positioned, and steeped in a rich legacy, this property is not just a purchase; it's an invitation to be a part of Meerensee's thriving hospitality landscape. Don't miss the chance to make this dream property your reality. Contact us today for a viewing and take the next step towards owning a piece of paradise.

Features

19
16
4
Interior
Bedrooms
19
Bathrooms
16
Kitchens
1
Reception Rooms
5
Exterior
Garages
4
Carports / Parkings
19
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
870m²
Land Size
3,741m²
Extras
Security Gate • Security: Electric Fencing • Security: Intercom
 
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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

 

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Monthly Payment

74,775.79

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