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R3,950,000

168 Church Street

Monthly Bond Repayment R42,123.97
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R2,100

B&B or House - self-sustainable enterprise.

Exclusive Sole Mandate on offer only by us.

The perfect opportunity that you have been looking for. Invest now and start to receive a return on the investment on a day-to-day basis.

This property is currently used as a B&B and on offer is a VAT registered going concern with the correct zoning, Residential 5. Furniture and linen plus a structured hand-over, of this truly successful Guest House in Worcester, Wykeham Lodge, is included in this offer.

This property does offer a number of options if a B&B / Guesthouse is not what you are looking for. It can be a primary residence with the option to also generate a very good income or it can be what you always dream about ... your own business premises. This property can even become a shared with partners weekend destination or remote working residence and it is within a picturesque 90-minute drive from Cape Town.

Each of the nine rooms has its own en-suite bathroom. Every room has its own unique charm, style, and ambiance, as shown in the photos.

Two rooms are inside the thatched roof of the historic building. The two loft rooms are only used for long-stay guests or with group bookings and they can easily become the new owner's primary residence. This suggested change will have minimal effect on the operational offering of the B&B. The original main building with yellow wood floors and an interior roof was completed in 1835.

The private garden has a sparkling pool with majestic trees. Guests have the option to be served a breakfast in the dining room with doors leading into the garden. A functional kitchen, with a laundry room provides the needed support to prepare meals and wash and dry all the linen, on the premises. Off-street parking available to guests.

The seller is VAT registered and price indicated already includes VAT. The purchaser will not have to pay transfer if VAT is paid. The final price is therefore depending on the purchaser's VAT registration status.

Worcester is only about 1 hour's drive from Hermanus, Somerset West, and the Cape Town International Airport. Worcester is in reality close to all attractions offered in the Western Cape. This can even become a dream weekend destination or remote working residence and it is within a picturesque 90-minute drive from Cape Town.

Contact us for an appointment to view this property.
* Terms and conditions apply.

Agents and Agency are Registered with the PPRA

Disclaimer
All descriptions advertised digitally or printed regarding this property are the opinions of the Property Practitioner with additional information advised by the seller. Properties must be viewed to come to your own conclusions and decisions. Although every effort is made to ensure measurements and information are correct, please check all dimensions and shapes before making any purchases or decisions reliant upon them. Please note that any services, appliances or heating or cooling systems have not been tested by us or any of our employees and no warranty can be given or implied as to their working order.

Features

9
9.5
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
9.5
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
9
Security
Yes
Pool
Yes
Sizes
Floor Size
480m²
Land Size
1,026m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Meridian Realty website is accurate and up to date, Meridian Realty 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

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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

42,123.97

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