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R17,000,000

Monthly Bond Repayment R181,293.04
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Stunning Guesthouse and Conference centre for sale

Beautiful 32 bedroom hotel and conference centre for sale in Model Park Witbank
The main building has 3 stories
The ground floor consists of a reception area, lounge area, 3 offices, industrial kitchen with preparation and storing facilities
1st floor consists of 2 Spacious guest rooms all with en-suite bathrooms and 2 balconies.
2nd floor consists of 3 guest rooms allwith en-suite bathrooms and 1 balcony.
3rd floor is a store room
The main building includes the following: Grocery store room, laundry room, equipment store room, undercover enclosed swimming pool with entertainment area

Building number 2
This building consists of an self catering industrial kitchen and ablution facility with shower and toilets
6 guest rooms with en-suite bathrooms, 1 2 bedroom 2 bathroom guest apartment with a lounge and kitchen area and a balcony, 1 store room and 1 laundry room,4 staff quarters 2 with en-suite bathrooms, 1 shower and toilet facility for the staff.

Building number 3
This building consists of 1 conference room with a seating capacity of 80 people
1 x luxury 1 bedroom apartment with kitchen, bar, lounge, separate toilet and bathroom, 2x 2 bedroom flatlets with en-suite bathrooms and kitchenette, 8 guest rooms with en-suite bathrooms and kitchenette, 5 guest rooms with en-suite bathrooms

Building number 4
This building consists of a dining room with a seating capacity for 60 people and a huge industrial kitchen
1 storeroom, an upstairs veranda and balcony. 10 bachelor units with en-suite bathrooms and kitchenettes.

Building number 5
This building consists of 1 breakfast/small function room with a seating capacity of 45 people can be more
1 kitchen, 1 guest toilet facility, 1 store room, 4 staff rooms and 2 bathrooms, 1x 1 bedroom apartment with kitchen, lounge, and a bathroom, 2 bachelor units with en-suit bathrooms, 1 store room for garden equipment, 1 swimming pool with entertainment area

Buildings 1-4 each has its own 3 phase electricity
Pre-paid electricity on all stands, 3 additional water tanks
Building number 4 has an additional gas supply for all the units in support of load shedding.
Borehole to supply clean water in case of water outages
All the stands are Eskom/Nosa compliant in terms of safety, road and parking's.

There are 37 parking bays inside the complex
2 parking bays for busses
2 parking bays for motorcycles
2 disabled parking bays
12 parking bays in front of complex
2 braai and entertainment areas
1 security guard house
1 Isuzu bus 26 seater branded with the name of the complex
Optional: 1 Toyota Quantum 15 seater
Optional: 1 Iveco 22 seater bus
Optional: 2 GWM bakkies
Optional: 1 Chevrolet Spark motor

Features

32
49
Interior
Bedrooms
32
Bathrooms
49
Exterior
Carports / Parkings
37
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
8,000m²

Model Park, Witbank

The majority of the Witbank property for sale landscape is dominated by traditional “freehold” or full title properties, which make up some 87% of the composition according to recent Lightstone property reports. The remainder of the market is made up of residential Witbank estates (around 8%), and sectional title units (townhouses, flats and apartments) comprising around 5%.   These numbers in...
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In the news

Witbank Team Sell 150 Boerewors Rolls to Raise Funds for P.E.T.S
Office: Chas Everitt Witbank Cause/Charity: PETS (Pet Empowerment in Townships) NPO The Chas Everitt Witbank team decided to raise funds for the P.E.T.S (Pet Empowerment in Townships) Non-Profit Organisation by selling...
 
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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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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

181,293.04

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