Building with Huge Potential For sale

R 6,500,000

Can I afford this?
11 days ago35 views
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General Details
Description
This property is on 4560 square meters and was initially built and used as a Children's Home.

It has great potential to be converted into a full hostel, old age home or for development.

It consists of the following

Main entrance and reception room
X 4 rooms with en suite and walk in closet
X 1 kitchen
X 1 ward with 2 bathrooms and x 1 kitchen
X 1 Waiting area/ lounge with x 2 closets
X 1 small office and toilet
X 2 store rooms
X 7 rooms and kitchen
X 2 store rooms
X 2 offices
X 1 chemical store room
X 1 laundry room
X1 store room/ linen room
Staff toilets X 1 gents and X 1 ladies
X 1 full kitchen, with gas stoves and walk in freezer

X 8 outside rooms with x 2 bathrooms
X 1 waiting area/lounge
X 1 boardroom
UPSTAIRS

X 1 waiting room with x 2 outside balconies
X 1 kitchen
X 1 bathroom
X 12 offices
X 1 store/server room
X 1 lounge/waiting area
X 4 rooms
X 1 kitchen
X 1 bathroom
X 1 2 bedroom flat with kitchen and bathroom

SCHOOL

Reception area
X 1 Office with kitchen
X 2 equipped playground areas
X 8 classrooms all with wash basins
Tuck shop
X 4 store rooms

X 3 staff toilets
X 1 boy's toilets
X 1 girl's toilets
X 1 main office with x 2 store rooms
X 1 study hall
X 1 sick bay room
X 1 lab/library
X 1 boardroom
X 2 kitchens
X 1 dining area
X 2 offices
X 1 small swimming pool with braai area
X 2 garages
X 1 boiler room
X 1 outside store room
X 4 parking bays and off street parking
X 1 courtyard with garden

Property Reference #: COM1960

Agent Details:
Dean Thompson
National Realtors Group
785 Naivasha RoadSunninghillJohannesburgSouth Africa2157

Id Subtitle 1277581342
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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National Realtors Group
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