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R3,295,000

Monthly Bond Repayment R32,345.15
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Rates
R1,530

Lifestyle property beautifully maintained with large home and 3 income earning cottages!

This property is perfectly suited to the family who wishes to be close to the city, yet situated on the outskirts of the city, offering fresh air, beautiful surrounds and income earning potential with 3 cottages in addition to the character-filled main homestead - the infrastructure is geared for the hospitality industry. With stabling for 2 horses and grassed dressage arena, this property also caters for horse and nature lovers. Or... do as your neighbours did and rezone as a commercial property suited to the business minded entrepreneur. So close to the N3 Highway, the opportunities are simply endless!
It is perfectly positioned, with easy access to the main N3, only 7 minutes from Pietermaritzburg (Hayfields turnoff...St Johns and St Charles schools) and 35 minutes from Durban, this safe and secure family home is set in a beautiful, established indigenous garden on 5 acres, with well maintained, watered and fenced paddocks, a large grass dressage arena and a massive vegetable garden. The property includes 2 functioning guest cottages and a third with minimal refurbishment to turn it into the 3rd 2 bedroom cottage for additional income.
The main home consists of 3 comfortable bedrooms, with a spacious kitchen and living area, and a tack/MTB bicycle room. The main bedroom has built in cupboards and an en suite bathroom with 2 basins, a luxurious deep Victorian bath and spacious walk-in shower. The other 2 bedrooms share the 2nd bathroom. The large dining room and lounge sports a cosy fireplace. Leading out from the lounge, the veranda looks out over the paddocks and stables to the natural valley. A natural pool is stocked with various Tilapia and indigenous fish, and is a centre-piece for the abundant birdlife.
The main home has a solar geyser and LED lights in most rooms. The kitchen is modern country with a gas stove and ample plug points! Telkom WIFI access is good and the home is currently on an uncapped bundle which gives ample data flow.
The furnished guest cottages are self-contained, and both have their own kitchens, bathrooms and covered parking spaces. An existing client base frequents regularly, with a mix of both short term and longer term stays on a self-catering basis. The Top cottage has 2 single beds, bath, shower and a kitchenette, whilst the Main cottage has a double bed with en suite bathroom, a sleeper couch and a single bed with a large open plan lounge, kitchen dining area. This was the former residence of the sellers parents and is very well appointed. Both cottages have solar geysers.
Staff quarters are at the bottom of the property and whilst not electrified, are equipped with a solar shower and a toilet.
The 3rd building is being used as an office but was built to convert to an additional guest cottage, and simply requires furnishing to complete.
This is an ideal home for those wanting the best of both worlds. A quiet country lifestyle in a safe and secure environment, income from guest cottages (6 beds currently with the 3rd cottage option bringing the total to 10 beds = possible income of R30,000 per month at 30% occupancy!), easy access to Durban and Pietermaritzburg and top private schools. This has been a lovely home for this family for 16 years.

Features

10
6
Interior
Bedrooms
10
Bathrooms
6
Kitchens
4
Reception Rooms
7
Studies
1
Exterior
Carports / Parkings
5
Security
Yes
Flatlet
3
Domestic Accommodation
1
Pool
Yes
Views
Yes
Sizes
Floor Size
375m²
Land Size
2Ha
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

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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

32,345.15

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