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R2,995,000

Monthly Bond Repayment R31,939.57
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R3,300

Conveniently located! Potential Guesthouse/Bed & Breakfast in Ramsgate with breathtaking seaviews, S

Conveniently located! Potential Guesthouse/Bed & Breakfast in Ramsgate with breathtaking seaviews, South Coast KZN

This beautiful property consist of various forms of accommodation for up to 14+ guests and is perfectly laid out to be utilized as a Bed & Breakfast or Guesthouse which is walking distance to the beach and Ramsgate Skiboat club. The Skiboat club houses a well established restaurant with impeccable seaviews, perfect to enjoy a refreshing cocktail on the beach.

This immaculate gem have the most stunning sea views from its front door and is even more breathtaking from one of the largest bedrooms' patio. Its newly installed pitched skylights in the open oversized living area gives this investment an airy feeling, welcoming guests to enjoy breakfast before exploring the beauty of the South Coast. The property is the ideal INCOME GENERATOR and is perfectly located, 12 minutes away from Margate Airport and as little as 27 minutes drive to the Wild Coast Sun Hotel and Casino and Wild Waves water park offering various holiday activities for young and old.

Ramsgate, a neighborhood situated 3 minutes away from Margate, known as the holiday capital of the South Coast, is a vibrant and colorful area and known for its beautiful blue flag, white sandy beaches, and one of the safest neighborhoods in the Lower South.

The property offers so much which includes the following:

Summary:
- 8 Bedrooms
- 6+ Bathrooms
- 1 Bedroom Flatlet (spacious)
- stunning pitched skylights
- Bar & Entertainment room
- 3 large living areas
- Backup water tank
- Parking for at least 6 vehicles
- Large swimming pool
- Outdoor storage or entertainment (bar) area
- Wendy house for extra storage
- Nursery
- Amazing 180 degrees seaviews
- Water fountains

In depth description:

8 BEDROOMS
The bedrooms are modern and spacious with most offering onsuite bathrooms and patio sliding doors. Guests can enter their rooms from the outside without disturbing neighboring guests.

6+ BATHROOMS
All bathrooms are modern and tiled to the ceiling.

KITCHEN
- a beautiful, sizeable oak kitchen with modern finishes is centrally situated in the main house perfectly set to cater as a bed and breakfast;
- gas hob (5 burners) and side grill set in a granite top island;
- double sink with modern finishes;
- mid-height oven;
- eye-level microwave cabinet;
- granite tops;
- double fridge space;
- ample cupboard space.

INDOOR BAR & ENTERTAINMENT AREA
The bar is private and set in its own space where guests can enjoy an evening with friends with entertainment such as a band or karaoke whilst the kids are safe in the living area watching TV or playing in the garden or swimming.

OUTDOOR ENTERTAINMENT AREA
Enjoy Zululand's tropical climate by the large sparkling pool.

NURSERY
The property boasts with its very own herb garden. The layout of the garden is ideal for relaxation and very well maintained, neat and comfortable.

FLATLET
The one bedroom is seperate from the Main building with its own entrance. The flatlet offers a kitchen and sizable bedroom with an ensuite toilet, basin and shower. This outbuilding can be let out as permanent rental to generate a monthly income or can be converted into a self catering unit, big enough for 2 adults and 2 kids sharing. This space can also be used for onsuite staff quarters.

WENDYHOUSE
The large wendy house have the potential to be transformed into single room occupancy for staff or simply be utilized as a storeroom.

This property investment could be your retirement annuity or the perfect home for an extended family.

Features

8
6.5
1
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
6.5
Kitchens
1
Reception Rooms
3
Exterior
Garages
1
Carports / Parkings
6
Security
Yes
Flatlet
1
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
1,333m²
Extras
Built-in Wardrobes  • Lobby in Building  • Maids Room  • Pets Allowed  • Private Pool  • Shared Pool  • View of Water  • Barbecue Area  • Dining in building  • Alarm System  • Built In Bar  • Burglar Bars  • Cooling
 
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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:

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

31,939.57

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