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R9,450,000

172 St Francis Drive

Monthly Bond Repayment R100,777.60
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,780

Summerhill guest house

The guesthouse is ideally situated on the beach side of St Francis Drive, providing easy access to the main beach, shops, and restaurants..

With seven self-catering bedrooms, the establishment caters to guests looking for independence and flexibility during their stay while there is enough space for the owner to live here if necessary. Established in 2003, the guesthouse has grown into a profitable income-generating business with excellent rental returns. The financials reflect its success.

The guesthouse has earned an excellent reputation for exceptional service, as evidenced by positive reviews across various booking platforms.
The property offers five separate apartments with a total of seven en-suite bedrooms, accommodating up to 17 people. Each unit is uniquely decorated and fully equipped. There's an inviting covered braai area for outdoor cooking and relaxation, surrounded by a beautiful garden with fruit trees and shrubs and a magnificent Wild Fig tree. A Jacuzzi adds to the outdoor appeal.

The double garage is extra-large and could serve as parking or be converted into an additional unit, yoga studio, or spa, providing flexibility for future use. The property is secure with a gated entrance and provides parking for 6 vehicles inside the property. CCTV cameras in the area, and garden lights, add to the safety of guests and their vehicles. The property includes an office, two laundry rooms, two storerooms, water tanks, and two outside bathrooms. It also features modern amenities like Fibre WiFi, Full DSTV, solar geysers, a backup generator, and waterborne sewerage on main.

The price includes the property and the business and comes partly equipped and furnished, making it a turnkey investment property.

Features

7
7
2
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
7
Reception Rooms
2
Furnished
Exterior
Garages
2
Security
Yes
Domestic Accommodation
1
Sizes
Floor Size
500m²
Land Size
887m²

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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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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

100,777.60

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