Krige Street | Boutique Hotel

WELCOME TO

This unique boutique hotel offers 24 luxury four-star suites each individually decorated with top quality furnishings.

BOUTIQUE HOTEL KRIGE

Krige Street was created in 1905 with two ribbons of plots on either side running in a southerly direction from Dorp Street towards the Eerste River and falls within the in the historic quarter of Stellenbosch.

We are situated in walking distance of the many restaurants, shopping and cultural venues of Stellenbosch as well as the world-renowned Stellenbosch Academy of Sport (SAS).

For the discerning traveller, Krige Street Hotel is a mere 10 minutes’ drive away from various golf courses, many renowned wine farms, 30 minutes to the Victoria & Alfred Waterfront and 20 minutes from Cape Town International Airport.

WHAT'S ON OFFER?

Properties with such a prime location and offering do not come around in Stellenbosch very often and the developers are proud to offer an opportunity to the discerning property investor to own his suite(s).

Every suite comes with: -

All finishes and furniture comply to 5 star standards.

Self service kitchenette with bar fridge, convection microwave oven, coffee machine, bowl and complete set of utensils.

Use of communal lounge area and coffee station.

Two top quality single beds that convert into a double bed.

Work space for two persons.

Use of an underground parking bay when suite is occupied.

Every suite has a fully equipped en-suite bathroom with shower, toilet and basin.

WiFi, telephone, full DSTV

Use of SAS gymnasium, pool and catering facilities.

RENTAL OPTION

Over and above direct ownership, suite owners have an option to make their suite available to a rental pool ensuring a sustainable income stream.

Indicative calculation when placed in the rental pool:

PERSONS	%	NO DAYS	RATE per person	MONTHLY RENTAL	VACANCY FACTOR	OPERATING COST	ANNUAL INCOME

Single	60%	18	1	27 000	30%	20%
Double	40%	12	2	36 000	30%	20%
TOTAL		30	1 500	63 000	18 900	12 600	378 000

Average cost per suite R3 800 000 inclusive of all costs

Return - 9.9%

Developer will provide a rental guarantee of 9 % p.a. for 24 months.

PRICING

Prices include VAT of 15%, Agent’s Commissions, Attorney transfer cost, but exclude any bond registration cost.

FLOOR	ROOM	ROOM	PATIO	PQ	TOTAL	PRICE	STATUS
Ground Floor	001	30.36	8.90	19.78	59.04	3 983 310	Sold
Ground Floor	002	30.36	8.90	19.78	59.04	3 983 310	Sold
Ground Floor	003	30.36	8.90	19.78	59.04	3 983 310	Sold
Ground Floor	004	30.36	8.90	19.78	59.04	3 983 310	Sold
First Floor	105	30.36	0.00	19.78	50.14	3 520 049	Available
First Floor	106	30.36	0.00	19.78	50.14	3 520 049	Available
First Floor	107	30.36	0.00	19.78	50.14	3 520 049	Available
First Floor	108	30.36	0.00	19.78	50.14	3 520 049	Available
First Floor	109	27.00	8.12	19.78	54.90	3 775 449	Available
First Floor	110	29.25	6.88	19.78	55.91	3 829 676	Available
First Floor	111	17.00	0.00	19.78	36.78	2 984 174	Available
First Floor	112	28.00	3.52	19.78	51.30	3 582 168	Available
First Floor	113	30.36	0.00	19.78	5014	3 520 049	Available
First Floor	114	30.36	7.04	19.78	57.18	3 898 022	Available
Second floor	115	30.36	0.00	19.78	50.14	3 643 823	Available
Second floor	116	30.36	0.00	19.78	50.14	3 643 823	Available
Second floor	117	30.36	0.00	19.78	50.14	3 643 823	Available
Second floor	118	30.36	0.00	19.78	50.14	3 643 823	Sold
Second floor	119	27.00	8.12	19.78	54.90	3 910 966	Available
Second floor	120	29.25	6.88	19.78	55.91	3 967 685	Available
Second floor	121	17.00	0.00	19.78	36.78	2 984 174	Available
Second floor	122	28.00	3.52	19.78	51.30	3 708 798	Available
Second floor	123	30.36	0.00	19.78	50.14	3 643 823	Available
Second floor	124	30.36	7.04	19.78	57.14	3 982 713	Available