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R6,100,000

Monthly Bond Repayment R58,866.32
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Upmarket B&B in Mthatha includes all moveable assets.

We are proud to present this up-market B&B in one of the best suburbs of Mthatha.
All rooms are main en-suite with conference facilities available.

Mthatha was established in 1876. It is the capital and largest town in the King Sabata Dalindyebo Local Municipality. Mthatha derives its name from the nearby Mthatha River which was named after the Sneezewood (Umtati) trees, famous for their wood and medical properties. Mthatha is situated on the N2, almost midway between Durban and East London, this colourful and lively city is the gateway to the former Transkei and the world-famous Wild Coast

University of Fort Hare opened a branch in 1977 and after the Transkei independence it became The University of Transkei. In 2005 the University together with Border Technicon and Eastern Cape Technicon merged to form The Walter Sisulu University for Technology and Science.

Mthatha is a focal point of the Nelson Mandela route which celebrates the life of late Nelson Mandela. There are three Nelson Mandela Museums; spread across three sites, located at Mvezo, Qunu, and the Bunga Building in Mthatha itself. They collect, interpret and exhibit key aspects of the life of Nelson Mandela.

The town is approximately 70 kilometres from the coast and has an airport serviced by various commercial airlines.

Mthatha has a variety of large suburbs, with the more affluent being Hillcrest, Southernwood and Northcrest. Properties sell between one and two million, vacant stands sell upwards of R200 000. In more affordable areas like Ncambedlana and Mbuqu, residential properties sell between R400 000 and R650 000.

Features

16
16.5
1
Interior
Bedrooms
16
Bathrooms
16.5
Kitchens
1
Reception Rooms
5
Studies
1
Exterior
Garages
1
Carports / Parkings
16
Security
Yes
Domestic Accommodation
1
Sizes
Land Size
1,500m²
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International 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

58,866.32

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