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Guest house close to Michael House School

This 21.3 ha Guest House on the R103 in the Lidgetton area situated 14 km outside the town of Howick in the KwaZulu-Natal Midlands is 11 km from Michael House, one of the top boarding schools in the country. It comprises of a guest house complex, 4 cottages and a main house.
The guest house complex consists of a 34 seater indoor restaurant, large kitchen and pub, formal lounge with fire place, TV lounge, reception area and office, covered veranda which could seat another 30 people overlooking the swimming pool with nearby tennis court. There are 10 rooms, each with their own bathroom sleeping up to 21 guests.
There are a further 4 cottages, one with its own lounge and kitchen area, while the other 3 just comprise of bedrooms and bathrooms and make use of a communal kitchen attached to the guest house.
The main house consists of a lounge and dining area with fire place, kitchen, main bedroom with under floor heating and bathroom en-suite, another 2 bedrooms also with en-suite bathrooms, and guest loo.
I've mentioned the tennis court, but there is still a 12m x 9m shed, 12m shipping container, 6 rooms for staff, 2 boreholes, 3 phase electricity, and grazing lands.
This property needs an energetic person to give it stick. Currently not running but has the potential to be turned back into a great guest house or even a stepdown facility.

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Features

17
17
Pets Allowed
Yes
Interior
Bedrooms
17
Bathrooms
17
Kitchens
4
Reception Rooms
6
Studies
1
Furnished
Exterior
Carports / Parkings
12
Security
Yes
Domestic Accommodation
6
Pool
Yes
Sizes
Land Size
193,248m²
Extras
Cottages and Guest House only  • Tennis court, Restaurant, 12m storage container, 9 x 12 m shed, 30 x 8 m vegetable tunnel (no cover)  • 19 h grazing lands, Polo field, veranda seating
 
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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

106,203.29

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