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R19,000,000

Monthly Bond Repayment R180,218.20
Calculated over 20 years at 9.75% with no deposit. Change Assumptions

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Monthly Rates
R14,625

AWARD-WINNING 5-STAR UMHLANGA BOUTIQUE HOTEL SEEKS NEW OWNER

Landmark Hotel Offers Prime Business Opportunity in Luxury Surrounds

This eight-suite boutique hotel, just down the road from the Oppenheimers’ coastal home, offers the last word in luxury and is the sort of business opportunity that rarely comes to market.

Teremok is perfectly situated on the tropical belt of KwaZulu-Natal, nestled amongst the palm and giant Milkwood trees of Umhlanga Rocks. Just one block back from the ocean on the affluent Marine Drive, the perfect investment for anyone wanting to relocate to paradise and take over a successful going concern.

The name Teremok translates from the Russian word for 'little hideaway' and this property is a feast for the senses. All of the eight en-suite bedrooms are unique in design, layout and feel with small subtleties such as individual scent creating an enchanting atmosphere punctuated by handcrafted ceiling fans, air-conditioning and private balconies.

The suites are completed by open plan bathrooms that are the final word in luxury with large rain-dance showers, freestanding baths, double basins and separate toilets with bidets.

The peace and seclusion of the airy dining room provides the feeling of being in a modern day tree house, while the living areas that are scattered throughout the property provide comfortable recesses for indulgence and overlook a beautiful landscaped garden.

Open to outside clientele, there is an exquisite Day Spa employing highly qualified master therapists. The spa’s full range of face and body treatments provides the owner with a further income stream.

Private buyers may choose to convert the Day Spa into a self-contained Guest Cottage which could be done by simply replacing the furnishings, but what makes this property such a particularly attractive investment is that it’s being sold as a going concern including all assets of a non-personal nature.

Since it currently runs at more than 75% occupancy with very little advertising, the potential to grow this five-star business is huge. Teremok’s guest register comprises both executives and well-heeled leisure travellers, which means it also stays busy year-round rather than just during holiday periods.

Teremok Marine Lodge comprises an extremely generous piece of prime real estate, more than 3 000m², in Umhlanga Rocks and it is only a short distance from the retail and entertainment hub of the Umhlanga Gateway of Shopping. The boutique hotel occupies just under 1 000m² of the property.

Features

8
8.5
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
8.5
Kitchens
2
Reception Rooms
3
Studies
1
Exterior
Carports / Parkings
15
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
753m²
Land Size
2,000m²

Umhlanga Rocks, Umhlanga

Umhlanga is well known for the laid-back and trendy lifestyle that it brings. It has become a popular suburb for people who appreciate having the beach on their doorstep with a large variety of malls, convenience stores as well as trendy restaurants. Umhlanga is also very close to excellent schools, hospitals and business parks. You are able to find family homes, apartments, and holiday homes all in this sunny and...
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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:

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MONTHLY REPAYMENTS

 

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Monthly Payment

180,218.20

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