Guest House and Student Accommodation in White River Ext 1

R 5,190,000

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1 year ago561 views
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General Details
Description
This double-story corner property was running as a Guest House, and is situated behind White River Crossings. There is a conference room with a bar area and a valid liquor license. Included in the sale are all furniture and the liquor license. Special zoning is allocated with rights for the Guest House or rooms for Tourism related uses as well as business accommodation. All suites have air conditioning and TV connection.

Ample Guest parking. Electric fence, beams, and alarm system. The owner entity is VAT registered, so there is VAT relief to purchase as a going concern.
Wheelchair friendly. Municipal and borehole water. State-of-the-art backup power generator. All geysers are on a heat pump system.

Rates And Taxes: 5097
Property Reference #: 474

Agent Details:
Abel Slabbert
Nelspruit Homes
P O Box 19133 The Village 1218
Nelspruit

Id Subtitle 1204191849
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Estimated monthly repaymentR 56,245
Total property loan amountR 5,190,000
Total interestR 8,308,656
Total repaymentR 13,498,656
Interest rate at 11.75% for 20 years *
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