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R4,200,000

62 Tennant Street

Well-established and diverse business opportunity not to be missed!!

Seize the opportunity to become the proud owners of a well-established and diverse business on the famed R62. This property, sold as a fully operational concern, currently functions as a guest lodge and a restaurant/pub. The lodge comfortably accommodates twelve guests, with three en-suite bedrooms boasting an impressive occupancy rate of 70-80%. These rooms are already listed and thriving on online booking platforms, each featuring a deck that offers picturesque views of the premises. Additionally, there is a versatile “studio” room presenting boundless possibilities—whether you envision it as a shop, office, or art gallery. The property is equipped with laundry facilities to service the guest rooms.

The restaurant's kitchen is fully outfitted with all necessary equipment, including fridges, freezers, furniture, beds, and linens, all of which are included in the sale price. Situated on the bustling R62, this business enjoys robust local patronage and a steady stream of tourists. Remarkably, the business remains busy even during the "off-season," with the current owners not experiencing any downtime in the past seven years. The restaurant is already a favorite among locals and tourists alike, boasting an impressive 4.1 (very good) rating, offering a strong foundation for continued success. The property also features a large pool, providing a delightful retreat during warmer months. Regular events, such as live music, comedy nights, and “bring-and-braai Saturdays,” have become beloved fixtures, drawing both locals and visitors.

This is more than just a business; it's a thriving community hub with limitless potential for future growth.

Features

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12
Zoning:
Retail
Exterior
Security
No
Parking Bays
Open Parking Bays
12
Extras
Total Land Extent: 638 m2, • Power Availability: Three Phase, • It's a Standalone Building, • Restaurant, • Back packers lodge, • Furniture and Equipment included in sale , • Pub with furniture and equipment, • Restaurant with equipment and smalls, • Lodge with furniture and bedding included, • Outside furniture with umbrellas included, • Kitchen smalls and utencils included, • Undercounter bar fridges, standalone fridge & wall units, • Juke box and sound system
 
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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

59,652.37

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