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R42,000,000

St Ives Restaurant Lodge and Venue,

St Ives Restaurant Lodge and Venue,
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We are offering for sale a KZN Midlands-based, restaurant, events, and lodge estate in extent of 140 hectares with further agriculture and housing development potential. The assets are to be sold outright as a going concern.

The listed price is inclusive of value added tax (VAT) as the Seller is a VAT vendor.

This is an attractive investment opportunity to own developed land containing an equipped events facility that can entertain 200 seated guests, supported by a 200-seater wedding chapel with panoramic views over the main dam.

Edged on the opposite side of the main dam there is a 150-seater, equipped Boma restaurant catering to a relaxed and pleasant atmosphere with tranquil sunset views over the water.

Linked by a tarred road over the dam wall are the accommodation facilities that sleep 48 guests in a variety of en-suite rooms. On the same side as the guest rooms, we find a six-bedroom en-suite manor house with elegant finishes and state-of-the-art amenities that exude sophistication and good taste. Another highlight is a comfortable and modern four-bedroom house with a pool, overlooking the Dargle Valley.

A portion of the land, 6.9 hectares, is in the process of being zoned for residential development and the remaining undeveloped land with abundant water and fertile soils provides opportunities to expand on your intensive agriculture development plans or to develop alternative income generating developments.

Your investment will in addition to financial returns yield economic growth and development and provide you with a special lifestyle in a scenic environment.

Features

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Title:
Freehold
Zoning:
Agricultural
Exterior
Security
No
Sizes
Floor Size
7,754m²
Land Size
140,000m²
Extras
Children's Play Area  • Wildlife  • Fishing  • Boma Restaurant  • Chapel  • Events Hall  • Manor House  • 48 Sleeper Accommodation  • Four Bedroomed House  • Workshop  • Squash Court  • Pools  • Dams  • Power Generator
 
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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

596,523.73

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