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R8,500,000

The Somerset Hotel in Somerset East is For Sale!!!flatlets and one 3 bedroom house!!

This beautiful hotel situated in Somerset East, in the Eastern Cape, South Africa, is for sale, it consists of 14 rooms, different sizes, 6 budget rooms, each room with a basin, 4 on the balcony, using newly built communal bathrooms, 4 showers, 3 toilets, and 2 basins. 1 backpacker room also using communal bathrooms, 7 en-suite rooms (2 with showers and 5 with baths).

Big storeroom and an extra storage closet upstairs.

Also lounge upstairs with DSTV, balcony with chairs and tables, kitchen for Tennant's to use,

Ground Floor, sunroom for breakfast area, beautiful dining area with a wooden bar, grill, and storage room, extra enclosed stoep with own entrance, can be used for a small shop, spacious kitchen with pantry and extra laundry area, office in front with wooden counter and extra office for cameras, solar power for the ground floor,

Capitec bank ATM, lounge area with a men's and woman's restroom, bush pub with extra gambling area, with teller also with a restroom for men, extra lock up twin room for 2nd hand shop.

The hotel has cameras throughout the premises and ample parking with an electric swing gate. 6 storerooms at the back, 4 flats with monthly income. (4 with own pay meters), beer garden with chickens, rabbits, zebra finches, doves, and koi fish.

7 Solar geysers, 2 boreholes, one with 3 phase pump, fully furnished, stunning view of the Bosberg mountain, including a beautiful 3 bedroom house with a bathroom, study, dining room, lounge, kitchen, balcony with wood and tile flooring.

It also has a lovely fireplace for those rainy, winter nights. Lovely built-in cupboards in the kitchen and bedrooms. The house is separate from the hotel, Asking price is R8,5 mil for the Hotel, including the house.

We can also assist in the application of bonds, and doing free evaluations on your properties, at Talana Foot Real Estate.

Every effort has been made to ensure the content of this advert is correct, however, no responsibility will be borne for any errors or omissions it may contain.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,376m²
Extras
8 PLUS MINUS BATHROOMS  • 14 BEDROOMS  • 3 BEDROOMED HOUSE
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Talana Foot Real Estate website is accurate and up to date, Talana Foot Real Estate makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

R Detail your income

Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

120,725.04

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