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LODGE WITH POTENTIAL FOR STUDENT ACCOMMODATION
R 17,200,000
Can I afford this?23 Photo(s)
2 years ago337 views
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General Details
Location:
For Sale By:Agency
Description
STUDENT ACCOMMODATION POTENTIAL
This property used to be a popular lodge, but it is currently being used to accommodate school children and the infrastructure and improvements are perfect for it to be a lodge again. The size of the land is 8.69 ha of which half is zoned for commercial use and the rest is zoned for agricultural use. It is conveniently located close to all main roads and to the CBD.
During 2020 the owners began renovating the property and renovations are ongoing. Many improvements and upgrades were done, including painting of the buildings, upgrading the industrial kitchen, brand new plumbing, brand new electrical installation, installation of a solar system and the list goes on.
The improvements include 10x ensuite chalets with 5 single beds in each, 3x larger chalets with 3 ensuite bedrooms in each, as well as a kitchen and living area, 10x rooms of which some are fitted with bathrooms and the rest are used for storage and office spaces, a reception area, an industrial kitchen with storage space, inside and outside dining areas, study rooms, lots of outside entertainment areas and lapas, a stage, lots of parking spaces, a mini-golf area, small farm yard and lovely gardens.
Water is pumped from 2 boreholes and stored in various tanks from where the buildings are supplied.
The property is fenced on all sides and access is gained through a remote controlled gate. Most of the furniture, appliances and other household items are included in the price.
Property Reference #: CL245
Agent Details:
Mariaan Botes
Property Connect Hoofkantoor
Office 4, Sayer Square
cnr Mitchell and Cathedral Street
George
6530
This property used to be a popular lodge, but it is currently being used to accommodate school children and the infrastructure and improvements are perfect for it to be a lodge again. The size of the land is 8.69 ha of which half is zoned for commercial use and the rest is zoned for agricultural use. It is conveniently located close to all main roads and to the CBD.
During 2020 the owners began renovating the property and renovations are ongoing. Many improvements and upgrades were done, including painting of the buildings, upgrading the industrial kitchen, brand new plumbing, brand new electrical installation, installation of a solar system and the list goes on.
The improvements include 10x ensuite chalets with 5 single beds in each, 3x larger chalets with 3 ensuite bedrooms in each, as well as a kitchen and living area, 10x rooms of which some are fitted with bathrooms and the rest are used for storage and office spaces, a reception area, an industrial kitchen with storage space, inside and outside dining areas, study rooms, lots of outside entertainment areas and lapas, a stage, lots of parking spaces, a mini-golf area, small farm yard and lovely gardens.
Water is pumped from 2 boreholes and stored in various tanks from where the buildings are supplied.
The property is fenced on all sides and access is gained through a remote controlled gate. Most of the furniture, appliances and other household items are included in the price.
Property Reference #: CL245
Agent Details:
Mariaan Botes
Property Connect Hoofkantoor
Office 4, Sayer Square
cnr Mitchell and Cathedral Street
George
6530
Id Subtitle 1008025079
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Estimated monthly repaymentR 186,398
Total property loan amountR 17,200,000
Total interestR 27,535,428
Total repaymentR 44,735,428
Interest rate at 11.75% for 20 years *
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Property Connect Hoofkantoor
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