SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

R2,500,000

Monthly Bond Repayment R24,541.08
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R450

Plenty of investment potential

Become the owner of this newly opened backpackers lodge in Middelburg, an ideal opportunity for development and rental potential.

The large 3148m2 property is well positioned on the R56 which is halfway between Cape Town and Pietermaritzburg via Kokstad. It is a major attraction for students across the country to the local Grootfontein Agricultural college.

The lodge sleeps a maximum of 11 people on single beds in four bedrooms with a total of 6 bathrooms. The bathrooms are made up of three showers, a single bath, four toilets as well as a basic lounge and kitchen area. A further three self-catering units sleep three and has its own kitchenette, shower, toilet and basin.

Outbuildings on the property have a single garage, laundry and dam area with additional space for the construction of a second entrance. There is plenty of guest parking and also a fully functional borehole.

The backpackers is fairly new which is perfect for a buyer to come in and reconstruction to specification. You can expect to generate a healthy income from students which basically takes care of the bond payment.

All the resources and infrastructure is already in place which makes it an ideal buy for developers.

Features

7
6
2
Interior
Bedrooms
7
Bathrooms
6
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Garages
2
Carports / Parkings
2
Security
Yes
Flatlet
3
Sizes
Floor Size
320m²
Land Size
3,148m²
Extras
24 hour security patrol, functional borehole, three geysers, plenty of guest parking.
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Lodges for sale in Middelburg, Middelburg.

Disclaimer: While every effort will be made to ensure that the information contained within the Gated Estates website is accurate and up to date, Gated Estates 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.

R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
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 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

24,541.08

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.