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R22,000,000

Monthly Bond Repayment R212,304.76
Calculated over 20 years at 10% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R2,730

Glen Craig Conference Centre zoned for rehabilitation/touristic potential with possible development.

The 24 Bedroom (all en suite bathrooms) conference facilities with conference room / boardroom / dining room / well equipped kitchen / lounge and bar / large closed patio built in a quad with a large thatched lapa inside the quad is upmarket and currently run as a conference centre. All rooms are equipped with TV and a guest safe. All floors are tiled. Except for this conference centre there are two dwellings of two bedrooms/ two bathrooms with kitchen, lounge, dining area etc on the premises as well as two flatlets and three rooms for staff and a large laundry. A workshop and a strong generator is provided. A beautiful and big dam which has not been dry for 30 years, located in a picturesque setting around which a development of many dwellings could be done if the zoning consent uses are allowed and activated. A big swimming pool and a few fountains fed out of the Buffels river ensures enough water. Three phase Eskom power provides the needed electricity with a monthly bill of roughly R5400.00.

The interested investor must know: Sharpen your pencil because you can do great things with this special property ! You can possibly develop it into a resort facility with hotel and conferencing due to the existing ablution facilities which will suit caravaning or camping sites added on the property. Or build a retirement village with frail care and dining facilities already taken care of with minor adjustments if the consent uses can be activated. Weddings. Retirement. Resort holidays. The Overstrand is home to all of these options and an ideal location has just arisen for the astute service or hospitality minded operator / investor.

Features

24
26
3
Interior
Bedrooms
24
Bathrooms
26
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Garages
3
Carports / Parkings
24
Security
Yes
Flatlet
2
Domestic Accommodation
6
Pool
Yes
Views
Yes
Sizes
Floor Size
2,400m²
Land Size
106,000m²
Extras
Fully furnished and sold as is.
 
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R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 15%
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 15%
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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

212,304.76

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