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R5,500,000

Monthly Rates
R2,280 Excl. VAT

Student Accommodation

Iconic Lodging House For Sale: A Beloved Community Gem for Over 20 Years!

Description:
Step into a Legacy of Hospitality!
For over two decades, this cherished lodging house has been the go-to destination for guests from near and far.
Now, this remarkable establishment, boasting 16 spacious and thoughtfully designed rooms, is ready for its next chapter.
Each room features an en-suite bathroom, ensuring privacy and convenience for every guest, whether they're traveling solo, as a couple, or in a group.

Key Features:
Room for Everyone: With various room configurations, we cater to all types of travellers.
Each room is equipped with an en-suite bathroom, providing the comfort and privacy guest’s desire.

Dine in Style: The elegant dining room can seat up to 28 guests, perfect for delightful meals and social gatherings.
Leisure Room: Guests can unwind and socialize in the cozy leisure room, fostering a sense of camaraderie and relaxation.

Wrap-Around Patio: Whether it's a sunny afternoon or a starry evening, the expansive wrap-around patio offers an idyllic setting for leisure and enjoyment.

Gourmet Kitchen: The kitchen is a chef's dream, fully equipped with:
• Trio gas burner
• Four-plate gas stove and oven
• Electric hob and oven
• Double deep fryer
• Two fridge and freezers
• One chest freezer
• Stainless steel preparation table
• Ample storage space, double sink, and dishwasher connection

Dedicated Laundry Room: Equipped with a Speed Queen washer and dryer for ultimate convenience.
Eco-Friendly Initiatives: With sustainability in mind, the guesthouse features a 2200-liter water tank to keep the beautiful gardens lush and serene.

Solar panels ensure power reliability during outages.

On-Site Caretaker: A comfortable living space for the caretaker ensures the smooth running and maintenance of the establishment.
Secure Parking: Shaded and secure parking provides peace of mind for all guests.

Prime Location:
Conveniently situated close to essential amenities, the lodging house minimizes travel time and enhances convenience. Proximity to various freeways and public transportation options allows for easy commutes.

Nearby attractions include:
• Rand Airport
• Shopping malls
• Restaurants
• Medical centers
• N17, N3, and M2 freeway grids

Diverse Clientele:
Our target market is diverse, drawing from nearby industrial hubs, flight school students, and walk-in clients.
Seasonal guests from the local yacht club and athletics stadium ensure steady revenue streams during peak seasons.

Ready for a Lifestyle Investment?
Don't miss out on owning this iconic lodging house, a staple in the community for over 20 years. Contact me today to explore this incredible opportunity and step into a legacy of hospitality!

Features

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Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
2,479m²
Land Size
2,479m²
Extras
24 Hour Access • 24 Hour Response • Alarm System • Linen Room • Recreation Room • Storeroom • Student Accommodation • Totally Walled
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Coleman Properties website is accurate and up to date, Coleman Properties 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

 

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Monthly Payment

77,327.49

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