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Commercial space in Arbor Park

POA

Land Area 1706 m²

This three property combo is ideal for potential investors. The long running, well established and very popular guest house with an average occupancy rate of 80% (not including lockdown) is located on 3 separate Erven totaling 4800m. It is within walking distance of a number of shops and restaurants and on the main route entering Newcastle.

The property is equipped with a security system which include CCTV cameras and alarms. It has ample parking space and also undercover carports.

The guest houseportion of the property is located on 2 separate Erven, the first one is located next

to the house, and offers 11 rooms, each with an en-suite bathroom, coffee station, fridge, TV and Wi-Fi facility.

There is a kitchen and scullery which caters for the guests. The dining room opens up onto the front veranda by means of concertina glass doors to form a huge entertainment area. The reception area is fitted with a counter and computer with security camera system which covers both guest houses

There are 4 x shade ports, 3 x gazebos, one with a built-in braai, communal braai area and an open verandah.

The second part of the guest houseis located directly across the road and is used as an overflow when the main rooms are all occupied. It comprises a single story dwelling which has been partly changed, and comprises 5 en-suite rooms with the same facilities as the first 11. There is a lounge with reception area, dining room, kitchen and a large verandah at the rear, it should be noted that this building could also be used as a residential dwelling.

There is a single garage at the front of the building, and an enclosed parking area for the guests. The garden is landscaped, and there is a large pool, change rooms, toilets and an outside shower for the guests.

The residencyoffers 3 x bedrooms with BICs and a walk-in closet, 3 x

bathrooms, lounge, dining room, study/reception, family room, linen store, kitchen with a scullery and laundry. Airconditioning is installed in all the rooms and living areas.

Outbuildings comprise 2 x store rooms, workshop, domestic room with bathroom and a double garage and double carport. A large pool and veranda with built-in braai complete this home.

The building is surrounded by a beautiful established garden abounding with cycads, tree ferns and other exotic flora, a number of huge indigenous trees as well as pecan nut and lemon trees.

Other extras include air conditioning in some rooms, electric and gas geysers. A borehole and irrigation system for the gardens and house, garden sheds and Wendy houses, JoJo tanks and remote electric gated with intercom.

All the equipment, furniture and linen of the 16 rooms and the 2 guest houses is included in the sale. A full inventory of everything included in the sale will be available on request.

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