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R9,900,000

34 Mill Road

Monthly Bond Repayment R98,839.61
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

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Monthly Rates
R10,910

A Rare Opportunity in the Heart of Hillcrest! Guesthouse with Retirement Facility Potential

Tucked away in the lush, tree lined heart of Hillcrest lies a property that offers more than just hospitality, it offers opportunity. A well established and recently updated guesthouse, this exceptional property is not only a proven income generator but also holds the unique potential to be transformed, with special consent, into an intimate and well located retirement facility.

From the moment you arrive, a warm sense of welcome surrounds you. A charming reception area and cozy lounge set the tone, offering guests or future residents a space to relax and feel at home. Just beyond, the spacious dining area flows from a well equipped kitchen with a generous serving counter. With wheelchair friendly access through a side entrance, the space is already designed with accessibility in mind. The guesthouse comprises 15 stylish, modern en-suite rooms, each carefully designed for comfort and convenience. Every room features air-conditioning, a bar fridge, tea and coffee station, and a safe ensuring all the touches of luxury are present, whether for overnight guests or long term stays. Efficiency is built into the infrastructure, with gas geysers installed throughout the property to reduce energy costs and support smoother operations. A fully equipped laundry room with integrated appliances adds further practicality, especially for larger scale hospitality or care based functions. A separate conference room with its own kitchenette, bathroom, and private entrance provides a flexible space ideal for business use, community gatherings, or as a resident’s lounge in a retirement setting. Adding even more value, a spa/treatment room on the premises is currently tenanted, offering a steady secondary income stream and the potential for wellness services on site. Step outside, and the atmosphere becomes even more inviting. A sparkling pool glistens in the center of beautifully landscaped gardens, while well-designed outdoor seating and braai areas create the perfect setting for relaxation and socialising. The peaceful surrounds make this a true escape from the bustle, yet it's just moments away from medical facilities, shopping centres, and major routes. Parking is plentiful, with 10 undercover bays and ample additional space for guests or staff. The property is fully walled and fitted with an automated gate, providing the privacy and security today’s buyers demand. This is more than just a guesthouse, it’s a lifestyle investment with the potential to grow into something even more meaningful. Whether continuing as a successful hospitality business or converting into a high end, intimate retirement residence, this Hillcrest property offers location, flexibility, and long term value.

Features

15
15.5
Interior
Bedrooms
15
Bathrooms
15.5
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
10
Security
Yes
Pool
Yes
Sizes
Floor Size
937m²
Land Size
3,700m²
Extras
Air Conditioner • Garden • Gas Hob • Granite Tops • Grill • Guard • Guest Toilet • Scullery • Septic Tank • Splash Pool • Built In Braai • Built in Wardrobes • Intercom • Storage • Communal Braai Area • Curtain Rails • Dishwasher Connection • Driveway • Laundry • Tiled Floors • Totally Walled • Tumble Dryer • Washing Machine Connection • Electric Gate • Entrance Hall • Extractor Fan • Eye Level Oven • Covered Patio • Satellite Dish

Hillcrest Central, Hillcrest

Hillcrest Central Hillcrest Central is the bustling heart of the Hillcrest suburb, offering a wide range of amenities and attractions. It is home to a variety of shops, restaurants, businesses, schools, and more, making it a convenient and vibrant place to live, work, and play. Shopping Hillcrest Central is a shopper's paradise, with a variety of shopping centres to choose from, including Hillcrest Corner,...
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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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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

98,839.61

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