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Glenwood Durban Gem: Where Comfort Meets Prosperity!
R 2,400,000
Can I afford this?
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5 months ago233 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Other
Bedrooms (#):6+
Bathrooms (#):4+
Parking:None
Description
Considering offers from R2 400 000
Extent: +/- 715 sqm | 6 Modern bedrooms with ensuites | Kitchen & dining area with outdoor veranda | Staff Room | Secure car parking at the back | Small building housing a fully functional laundry as well as a smaller, budget guest room with ensuite and kitchenette
A modern, profitable and environmentally friendly guest house located in Glenwood Durban, provides comfortable rooms and a beautiful indigenous garden. Local and international guests, businesspeople, tourists, academics, and visitors are long standing and repeat guests to this suburb facility which has earned the Distinction of a Green Grading. Completely "Environmentally Friendly" currently ranked 3rd out of 329 accommodation establishments and 3rd out of 102 guest houses in Durban, by Trip Advisor. The regular loyal guests give the business a retention rate of over 75%.
On sale by Auction the guest house comprises of 6 modern bedrooms with ensuites, a kitchen and dining area with outdoor veranda, plus a staff room. It is on two levels with secure car parking at the back and another small building housing a fully functional laundry as well as a smaller, budget guest room with ensuite & kitchenette.
The property next door is also on sale by Auction and is currently being used as the owners' residence. Upstairs and downstairs has an office (with toilet & shower) and a large, self-contained flatlet. There is also a sparkling pool, double garage, and another smaller budget guest room with ensuite. The upstairs has wooden floors throughout, 3 good sized bedrooms, one with ensuite, plus a separate bathroom/toilet. There is also a large lounge area, gas fitted kitchen with scullery which opens onto an upper deck overlooking the pool. Added to the guest house the pool situated on this property provides all the amenities for a 4-star grading for the guest house.
All amenities, including St Augustine Hospital, King Edward VIII Hospital and the University of Natal are located within proximity of the guest house. There are many schooling facilities within the area, which include Durban Girls High School opposite the property and Glenwood Boy's High School, and Penzance Primary School nearby.
Has Pool
Property Reference #: RL762
Agent Details:
Manny Testa
In2Assets Property Specialists
Suite 503
5th Floor
Strauss Daly Place
41 Richefond Circle
Ridgeside Office Park
Umhlanga Rid
Extent: +/- 715 sqm | 6 Modern bedrooms with ensuites | Kitchen & dining area with outdoor veranda | Staff Room | Secure car parking at the back | Small building housing a fully functional laundry as well as a smaller, budget guest room with ensuite and kitchenette
A modern, profitable and environmentally friendly guest house located in Glenwood Durban, provides comfortable rooms and a beautiful indigenous garden. Local and international guests, businesspeople, tourists, academics, and visitors are long standing and repeat guests to this suburb facility which has earned the Distinction of a Green Grading. Completely "Environmentally Friendly" currently ranked 3rd out of 329 accommodation establishments and 3rd out of 102 guest houses in Durban, by Trip Advisor. The regular loyal guests give the business a retention rate of over 75%.
On sale by Auction the guest house comprises of 6 modern bedrooms with ensuites, a kitchen and dining area with outdoor veranda, plus a staff room. It is on two levels with secure car parking at the back and another small building housing a fully functional laundry as well as a smaller, budget guest room with ensuite & kitchenette.
The property next door is also on sale by Auction and is currently being used as the owners' residence. Upstairs and downstairs has an office (with toilet & shower) and a large, self-contained flatlet. There is also a sparkling pool, double garage, and another smaller budget guest room with ensuite. The upstairs has wooden floors throughout, 3 good sized bedrooms, one with ensuite, plus a separate bathroom/toilet. There is also a large lounge area, gas fitted kitchen with scullery which opens onto an upper deck overlooking the pool. Added to the guest house the pool situated on this property provides all the amenities for a 4-star grading for the guest house.
All amenities, including St Augustine Hospital, King Edward VIII Hospital and the University of Natal are located within proximity of the guest house. There are many schooling facilities within the area, which include Durban Girls High School opposite the property and Glenwood Boy's High School, and Penzance Primary School nearby.
Has Pool
Property Reference #: RL762
Agent Details:
Manny Testa
In2Assets Property Specialists
Suite 503
5th Floor
Strauss Daly Place
41 Richefond Circle
Ridgeside Office Park
Umhlanga Rid
Id Subtitle 1249208462
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Estimated monthly repaymentR 26,009
Total property loan amountR 2,400,000
Total interestR 3,842,153
Total repaymentR 6,242,153
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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In2Assets Property Specialists
Selling for 3+ years
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