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R6,300,000

Upmarket high income generating Guest House with the option of Student accommodation!

Calling Investors wanting to turn an immediate profit with the eye on expansion. Situated on 2 stands, this property for sale has endless opportunities which can be explored and is situated only 500 m from the University of the Free State which is a significant advantage making it ideal for students looking for accommodation, parents visiting from other provinces as well as professionals wanting to stay a few days for business as well as tourists.
Accommodation includes:
• 14 spacious bedrooms including air-conditioners, wi-fi, fridges and microwave ovens for self catering purposes as well as the infra structure to cater to all guests’ needs. For your convenience and privacy each room has an en-suite bathroom.
Additional Buildings:
• The main building and supplementary building provide flexibility in terms of space utilization. The main house also includes an entrance hall, a private office of study depending on your needs or the demands of potential guests or tenants
Private Cottage:
• The free-standing 4-bedroom cottage offers the opportunity to cater to larger groups or families. This can be marketed separately or as an extension of the guest house's offerings. The furniture in the cottage is not included.
Amenities:
• The fully equipped kitchens allow you to provide catering services to guests. The open-plan dining area and lounge provide communal spaces for relaxation and socializing. The store rooms, laundry room, and staff accommodation ensure smooth operations.
Outdoor Facilities:
• The large under-roof patio overlooking a sparkling blue swimming pool and separate entertainment areas with braai facilities enhance the guest experience and create opportunities for hosting events or gatherings.
Parking:
• Ample covered parking space for at least 11 cars or more is essential for guest convenience.
Zoning and Expansion:
• Being close to the University of the Free State and having guest house zoning are positive factors that increase the property's potential. Moreover, the ample space for extension allows you to explore future expansion possibilities.
Providing a comfortable and welcoming environment, excellent customer service, and maintaining high standards all contribute to the profitability and success of this one-of-a-kind guest house.
Phone Annette now to schedule your private viewing appointment.

Features

11
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
464m²
Land Size
2,505m²
Parking Bays
Covered Parking Bays
11

Universitas, Bloemfontein

Universitas is a Latin word meaning "the whole of the Universe." Centrally located in Bloemfontein and widely known since both the Free State University as well as the Universitas Training Hospital is situated in the area. Popular schools are also found here such as Grey College and Eunice Girls School. Numerous churches, guesthouses and shopping centres are in place to service the residents. The suburb...
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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

 

LOAN AVAILABLE

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Monthly Payment

89,478.56

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