31 Bed, Bed and Breakfast in Florida Glen

R 8 480 000

Muhammad Shah

Choprop Sales & Letting-CHOPROP HOLDING S.A PTY (LTD)

31 Bed, Bed and Breakfast in Florida Glen

R 8 480 000

Can I afford this?
31 Beds
31 Baths
Floor Area 1117 m²
Land Area 1117 m²
Rates R 850

THIS GUESTHOUSE IS ON THE MARKET TO BE SOLD AS A GOING CONCERN

1. The guesthouse has 31 rooms and on-suite bathrooms, licensed restaurant, conference room, swimming pool and ample parking;

2. The guest house is build on 3 stands, each approximately 1117 square meters, and is next to one another. The replacement value off the buildings are more than R12,000,000.00 (twelve million Rand) and the land is worth more than R1,000,000 (one million Rand);

3. Furniture, beds, fridges, TV’s, fittings, décor etc are insured for more than a R1,000,000 (one Million Rand);

4. House 1; consists of 12 rooms, reception, storerooms, kitchenette and staff quarters;

5. House 2; consists of 9 rooms, licensed restaurant, large lapa and

6. House 3; consists of 10 rooms, managers flatlet, kitchenette, conference room and swimming pool.

General Improvements:

1. The three properties are enclosed by 2.3 meter high walls;

2. All entrance gates are motorised and a 16 channel camera system are installed for surveillance and security;

3. Solar panels are installed at each house to save electricity;

4. A large diesel generator provides emergency electricity for all 3 houses;

5. 19 DSTV Channels are distributed to all the rooms and

6. A wireless “Wi-Fi” system covers the property with internet signal.

Income & Marketing:

1. A steady income of more than R2, 000,000.00 (two million rand) per year was generated the past three years. Projected income for 2015 financial year will be more than R 3 000 000.00

2. Wide-ranging marketing campaign is currently operational on the internet and the websites are ranked on the first pages.

3, A broad base clientèle was build-up over these years and they continue coming back.

Reason for selling the Guest House:

Owner, turning 60 years, wants to retire.

For sale price:

Price is drastically reduced to R 8 480 000

Price include the property and the business.

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Key Property Features

31
Bathrooms
31
Bedrooms
1
Open Parkings

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Experience Northcliff

Northcliff is one of the older, more established areas in Johannesburg. It is highly sought-after by those looking for a tranquil and exclusive lifestyle. The properties on Northcliff Hill have large grounds with well established park-like gardens. Newer developments in the extensions to the West cater to the younger generation with a taste for modern architecture. There is a distinct lack of industry and commercial blocks. For those who seek the sparkle of entertainment or the outdoors, it is less than half an hour from top spots like the Lion Park, the Cradle of Humankind and the buzz and dazzle of Monte Casino and Silverstar Casino.

Find out more about Northcliff

31 Bed, Bed and Breakfast in Florida Glen

R 8 480 000

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