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R2,400,000 | 4 Bedroom House For Sale in Middelburg

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R2,400,000

Monthly Bond Repayment R23,961.11
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

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Monthly Rates
R1,650

Ideal Eastern Cape Investment

The Ideal Investment in the Eastern Cape

This fully furnished freestanding property on a 3248 sqm erf is sold either as a business or a private residence. Currently being run as a backpackers, it comprises three self-catering units in a separate building.

The property is zoned for general residential and has business rights.

1 500 sqm of the property is unused land and is perfect for development.

This property makes for the perfect budget hotel and stands on a large corner plot on Van der Walt and Jubilee Streets. Close to the Aliwal North turn off and situated on the R56, the road leading to KZN and the Free State. The nearby N9 and N10 connect with the N1 leading to Gauteng and the Northern- and Southern Cape.

The property has many possibilities. Not only can it be run as a backpackers lodge, it can also be a large family home with three income producing units. Figures and rates are available on request.

The main house has three bedrooms plus an extra, smaller room that can serve as a storeroom or small bedroom. The main bedroom is en-suite (shower and bath) and the remaining two bathrooms each has a shower, toilet, and basin.

The kitchen is fully fitted and the spacious living/dining area is ideal for entertaining.

There is a single garage with a storeroom/laundry room attached as well as a 70 sqm carport.

The units being used as backpacker lodging consist of:

UNIT ONE
Furnished
1 Bedroom
Own bathroom (shower, toilet, basin)
Kitchenette
Private entrance

UNIT TWO
Unfurnished
1 Bedroom
Own bathroom (shower, toilet, basin)
Currently used as a workspace/office
UNIT THREE
Unfurnished
1 Bedroom
Own bathroom (shower, toilet, basin)
Currently occupied by the lodge manager

Features

4
3
1
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
3
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Garages
1
Security
Yes
Parkings
1
Pool
No
1
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