A well- established business operating 2 Guest Houses

R 22,000,000

Can I afford this?
3 years ago988 views
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General Details
Description
The two Guest Houses are made up of 5 Separate houses in close proximity to each other.
There are 22 en-suite bedrooms, all with outside doors and are fully furnished and equipped with fridges, TV, DSTV, air-con and fan, Tea/Coffee stations etc.
A well-equipped kitchen, dining room, office and laundry serves the whole operation.
In addition, there is one self-catering unit and one flat with all amenities.
There are three sparkling pools, two managers rooms with en-suite, an ample cellar for storage.
Walled with electric fencing – plenty of parking within the premises and two built in braai areas.
The sale includes all furniture, linen, equipment etc but excludes the Persian carpets and Paintings.
Please enquire us for further financial information.


Property Reference #: 2010128

Agent Details:
Ranji Ekanayake
RDE Properties
78 Durban Street
King Williams Town

Id Subtitle 820406178
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Estimated monthly repaymentR 238,416
Total property loan amountR 22,000,000
Total interestR 35,219,733
Total repaymentR 57,219,733
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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RDE Properties
Selling for 7+ years
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