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R8,500,000

2,400m² Office For Sale in Phalaborwa

Hotel Central Phalaborwa. Going concern.Close to kruger park. 24 units. Pool, Bar Restaurant
Excellent investment property. Close to Kruger Park. 24 Units with restaurant, pool, bar, lapa and conference facilities.

The hotel consist of 24 rooms, all with Air conditioning, Ceiling Fan, Dstv and fully interlinked telephone system.
Hotel also provides internet and fax facilities to guests.
Each room can sleep 3 people, and are fully equipped for self catering units, as well. All rooms contains : cutlery, crockery, Fridge, Hotplate, and a full set of linen and toiletries. Loose matresses can be provided if more than 1 child sleep with their parents.

Main building hosts a Newly renovated Lounge and Bar, a VIP cigar lounge,Pool table, etc.
In the sub tropical garden, you will find a sparkling pool, with exceptional entertainment area, for guest to relax.
Drinks and Braai lunches are served around the pool area, and the shady patio area. Made possible by the lovely climate conditions in Phalaborwa, all year around.
A large thatched Lapa, which seat 45 people, and additional Braai facilities completed this stunning entertainment area.

On the upper deck, which has a extended wooden deck, overlooking the pool and garden area, you find a fully quipped kitchen,
A La Carte restaurant, and licenced bar, with seating capacity for app. 120 guests. These facilities are also being used for Wedding, Functions, different kind of celebrations, and christmas buffet lunches.
On the upper deck you also find the Air conditioned conference room, with Tv, video machine, overhead projector, screen, white presentation board, flip chart as well as a proxima projector. Facilities can seat up to app. 65 people.

The exceptional hotel also offer venues for campers, tents and log cabin, for that special Africans experience.
17 Caravan stand , all with electrical points,, 8 tent stand and 12 wooden cabins, offer a splendid overnight stay, to any guest, no matter how they prefer to spend the night.
Wooden cabins all have en-suite bathroom, Air conditioning and Ceiling fans.
Braai facilities are available at all caravan stands as well as with the wooden cabins.
There is also a neat ablution block, in the area.

Staff quarters and under shade parking is also provided on this great Hotel.

A well priced investment property, to be taken over as a going concern.




Features

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Zoning:
Commercial
Sizes
Floor Size
2,400m²
Land Size
11,500m²

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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group 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
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

114,694.75

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