SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

POA

Established Retirement Village For Sale

A unique opportunity to acquire a well-established retirement and frail care facility located in Pinetown, KwaZuluNatal that has been in operation since 1994. The sale includes both the property and the operating business which are indivisible parts of the transaction. The owner of both the property and business is retiring and this has prompted the need to find a suitable purchaser.

The business operates an 87 bed retirement facility with accommodation ranging from one bedroom on-suite cottages to frail care wards. There is also a dedicated Alzheimer's care facility. The total GLA under roof is just under 3 000 sqm. All residents are provided with three meals a day, laundry, cleaning, entertainment, transport and nursing care dependent on their needs.

The business operates on a monthly rental basis and there are no life rights or sales of individual units offered to residents. There are a total of 21 permanent staff and 30 contracted staff. The four main divisions of labour are nursing staff, housekeeping, catering and facilities management.

The property on which the business is located is at the end of a quiet cul de sac and is 6 256 sqm in extent. The property is surrounded by established residential properties and hence the locality is quiet and there is no passing traffic.

The location is very central and there is easy access to the main arterial routes in Durban namely the N3, M13 and the M7 highways. The facilities and gardens are in excellent condition and residents can enjoy a relaxed and secure living environment with 24 hour security and nursing staff.

A detailed Due Diligence Information Pack is available. If you want access to business information a Non-disclosure Agreement must be signed. Please contact me to discuss.

Features

0
40
Title:
Freehold
Zoning:
Commercial
Interior
Air Conditioning
Yes
Power 3 Phase
Yes
Exterior
Security
Yes
Sizes
Floor Size
2,952m²
Land Size
6,256m²
Parking Bays
Open Parking Bays
40

Pinetown Central, Pinetown

Located approximately 20 km inland from Durban, starting out as a small town centre, the now booming industrial hub of Pinetown is situated between Westville and Hillcrest and forms part of the western region of the eThekwini district. Named after Sir Benjamin Pine the governor of Natal from 1850 – 1855, Pinetown was established around the Wayside Hotel that was built in 1849 alongside the main wagon route...
More Info

In the news

Pinetown: Affordable, Secure Industrial Letting
Durban and its surrounding industrial nodes have enjoyed continual demand for well-priced and conveniently located industrial rental accommodation with much activity surrounding the logistics and distribution sector. One of these...
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Investments for sale in Pinetown Central, Pinetown.

Disclaimer: While every effort will be made to ensure that the information contained within the Deal Core website is accurate and up to date, Deal Core 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.

R
R

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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

13,215,073.67

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.