1 Bedroom Hotel Room For Sale in New Town Centre

R700,000

Monthly Bond Repayment R7,465.01
Calculated over 20 years at 11.5% with no deposit.

Web Ref No RL31378

Hotel Room for sale

INVESTMENT OPPORTUNITY .

One bedroom HOTEL SUITE in Umhlanga Ridge available for sale.

This property forms part of a rental pool for the hotel to let out. The owner shares in the profits after running costs have been deducted. Distribution of earnings are made quarterly and then 6 monthly in arrears.

Owner is responsible for the monthly Municipal rates. Levies are covered by the hotel.

NB: THE OWNER MAY NOT TAKE UP RESIDENCE IN THE UNIT. The owner may use the unit for 31 Days per annum at the discretion of hotel management.

Call me today to discuss further.

Features

Bedrooms 1
Security Yes
Bathrooms 1
Recep. Rooms 1
Floor Size 65m²
Land Size 4,743m²
Carports/Parkings 1
Furnished Yes
Monthly Rates R2,987.00