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R2,900,000

Monthly Bond Repayment R27,985.63
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R2,000

7 Bedroom House For Sale in Beverley Hills

23 St James


WESTVILLE HOME / BED AND BREAKFAST FACILITY

Located between Pavilion and Westville Country Club this new listing will suit a wide range of prospective buyers.

If your property search includes any of the following requirements then please make contact urgently so that we can assess your requirements / capacity and how the available properties could be best packaged so as to cater for the best interests of all parties




DEVELOPMENT OPTIONS

An existing well established 7 room upmarket B and B with accommodation contracts and an impressive database of existing clients
A large plot with development potential of another 2 or 3 units (subject to acquisition of adjacent property (common owner) which is on the market @ R2,5m and rezoning approval)
An existing commercial tenant on the property. All Metro approvals in place
Capability to reduce development holding costs by incorporating existing structures into a new S Title development
Possibility of securing the current B and B operator as a rental paying tenant after transfer till end 2019
Existing owner has expressed interest in collaborating with an approved developer and would consider being a purchaser of one of the yet to be built units
Pending the finalization of a Sellers info pack the seller will accept written offers that include a due diligence period not exceeding 30 days

HOUSE OPTIONS

7 Bedroom double storey home
6 X ensuite bedrooms
2 lounges
4 car garage
Extra parking facilities x 10
2 bedroom stepless cottage in garden area
Pool
Grassy lawns
Walking distance to Varsity College Westville
Take over furniture assets of existing B and B operation
Schedule available upon request and after assessment of Buyers commitment to transaction




UPMARKET PRIVATE ACCOMMODATION FOR NEARBY VARSITY COLLEGE

Between 14 and 20 students could easily be accommodated on the property
Any leases would be private 1 : 1 contracts with a target start date of Feb 2020
B and B infrastructure could be used to offer catering and laundry options for students as well
Private study area infrastructure in place
WI FI enabled
Market related rentals of between R2,500 to R3,000 pppm can be achieved
If adjacent property (R2,5m and same owner) were included in transaction then a further 14 students could be accommodated totalling up to 34 students.
If potential is maximized then a gross income of just over R100,000 could be targeted

Features

7
6
4
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
6
Reception Rooms
2
Exterior
Garages
4
Carports / Parkings
10
Security
Yes
Flatlet
1
Pool
Yes
Views
Yes
Sizes
Land Size
2,023m²
 
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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
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

27,985.63

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