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R16,000,000

Monthly Bond Repayment R170,628.74
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R17,752

MAGNIFICENT JEWEL OF THE TRANSKEI.

Nestled on the banks of the Umzimbuvu river lies one of the Jewels of the Wild Coast the magnificent Cremorne Estate, which offers 4 distinctly different accommodation options:-

1. Bed & Breakfast Rooms (14 rooms): For a little bit of Wild Coast hospitality, offering cosy timber cabins with en-suite facilities.

2. Fully Equipped Self Catering Units(6 rooms): For the “do it yourself” holiday maker, offering fully equipped and serviced luxury self-catering cottages.

3. Caravan & Camping Facilities (10 sites): For the outdoor type, offering caravan and camping sites that are fully serviced with water and electricity.

4. Fisherman’s Cottage (11 cottages): For the avid fisherman.

The Cremorne Estate is paradise where you kick off your shoes and connect with nature and the ocean. The 30 room Estate is totally fenced, secure, fully licensed, has a cosy pub, 52 seater a la carte restaurant with pizza oven producing delicious pizzas, 132 kva 3 phase generator, underground drinking well connected to municipal water, 10 staff quarters, housekeeping office, store room, walk in cold room, security hut, spaza, garage, helipad, jetty, slipway and pool.

Port St Johns is the centre of tourism on the Wild Coast. It is famous for its 3 bathing beaches, deep sea fishing, rock and surf angling. Port St Johns has an airstrip on top of Mount Thesiger and nearby is the Pondoland Park being a national forested park area measuring 500km². The annual “Sardine Run” attracts divers, photographers and oceanographers from all over the world. Cremorne also hosts the annual “Grunter Classic” which attracts anglers from all over South Africa.

Port St Johns town has a population of approximately 6 500 people. It is situated at the mouth of the Mighty Umzimvubu river, 300 km northeast of East London and 100 km from Mthatha. Boasting some of the most beautiful nature scenery in the country. The Mighty Umzimvubu river flowing through an impressive gorge known as the “Gates of St Johns” into an estuary located on the Indian Ocean. On both sides of the river ravine are high sandstone mountain peaks. Mount Thesiger (342m above sea level) and Mount Sullivan (304m above sea level).

Features

30
28
Interior
Bedrooms
30
Bathrooms
28
Kitchens
28
Reception Rooms
28
Exterior
Carports / Parkings
28
Security
Yes
Domestic Accommodation
2
Pool
Yes
Sizes
Floor Size
4,500m²
Land Size
6Ha
Extras
Hotel • Holiday Resort • Riverfrontage • Staff Quarters Domestic Rooms • Secure Parking • Double Bed • Deck • Jetty • Single Bed
 
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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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Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

170,628.74

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