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R12,100,000

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Monthly Rates
R6,142.8 Excl. VAT

GUEST LODGE - MORNINGSIDE

lodge in Morningside is a fantastic investment opportunity! With its modern and newly renovated features, it seems like it would offer a comfortable, secure environment for guests. The aluminium windows, tinted glass, alarm system, and CCTV provide a high level of security, which is a strong selling point.

Having 13 rooms, each with their own bathroom, and a communal kitchen makes it versatile for different types of travelers. The reception lounge adds to the professional atmosphere, while the dining room provides a space for guests to gather.

With a capacity for five vehicles to park on the premises and ample street parking, it seems like parking wouldn't be an issue. The daily and hourly rental rates of R400 are quite reasonable, and given the amenities, it seems like it could generate great income. If you're considering expanding or marketing this property, it may also be worth highlighting the combination of security, convenience, and affordability as major selling points.

Do you need more details on how to market the property or potential ways to expand on this venture?

Features

5
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
3,306m²
Land Size
613m²
Parking Bays
Basement Parking Bays
5

Morningside, Durban

The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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Durban's Hot Property Locations
Chris Tyson, chief executive officer of Tyson Properties, says as Africa’s fastest growing city, Durban is an exciting place to work, play and live in.   Tyson explains that KwaZulu-Natal is one of the...
 
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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

166,677.51

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