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R49,000,000

Monthly Bond Repayment R505,772.31
Calculated over 20 years at 11% with no deposit. Change Assumptions

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WELL KNOWN HOLIDAY HOME FOR SALE

Situated in the heart of the Midlands and the green rolling hills of Kwa-zulu Natal, is a investment gem waiting to be snapped up. Only a short distance from the N3 freeway, this well established resort is easily accessible and convenient for guests travelling between Durban and Johannesburg.
The options here are endless. The main entertainment area consists of a reception, which leads out to a piazza encompassing the restaurant with outdoor seating, chess, jumping bag, bowls, swimming pool, volleyball, tennis court, a spa, a conference facility and a games room for kids.
Further out, there is horse riding, mini golf, fishing, cycling and walking along the vast property.
The accommodation consists of the following:
1. 58 self catering units which have sectional title rights – it is up to the new owner if they want to sectionallise these units or keep them for self catering.
2. They consist of 31 one-bed units, 23 two bed units – some of these units are semi detached, making it possible to have a three bedroom unit.
3. There is one x three bedroom unit and three x four bedroom units.
4. All these units are fully furnished with modern finishes, built in cupboards, fitted kitchens, fireplaces, outside patios and braai areas and two of them have their own private pools.
The resort is run by competent staff who ensure that the place is kept neat and tidy.
The resort is accessed via a manned security gate and is fenced, the access roads are tarred. There are two dams used for fishing and there is a 9 hole golf course – the opportunities for outdoor fun and exercise are endless.
The new owner of the prestigious property has numerous options to expand the property:
1. There are 58 sectional title units.
2. There are 18 real rights to develop.
3. There are existing amenities and facilities to enable expansion to take place on a major scale.
4. There is over 78 hectares of land that can be utilised for further outdoor activities.
5. It’s location makes it easily accessible.
6. The views are spectacular and lend themselves to relaxation and wellness.
This is an opportunity not to be missed and an investment option waiting to happen.

Features

92
58
Interior
Bedrooms
92
Bathrooms
58
Kitchens
58
Reception Rooms
116
Furnished
Exterior
Carports / Parkings
58
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
78Ha
 
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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:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

505,772.31

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