Bed and breakfast in Margate
R 10 000 000
Bed and breakfast in Margate
R 10 000 000
An exciting opportunity to acquire an extremely resilient accommodation business with 80% permanently sited residential park homes owned by long standing tenants. This business generates a guaranteed profitable monthly income and is not exclusively reliant on seasonal revenue.
Situated in a secure and delightful setting on 54 820 m/2 of prime property on the KwaZulu-Natal Hibiscus Coast, approximately 1.4 km’s from the main beach and town, and within walking distance to the main shopping mall in the area.
The land and grounds are immaculately maintained and managed and are extremely secure.
The buildings include a stunning large and modern double storey home which can either be utilised as a guest house, large family home consisting of 6 bedrooms or two separate homes consisting of 3 bedrooms each, both with their own modern kitchens and bathrooms. The upstairs accommodation has 3 large bedrooms, two full modern bathrooms (1 en-suite), a fully equipped & modern open plan kitchen, large dining room & lounge which opens onto a wrap-around balcony with breath-taking views of the underlying valley. Downstairs consists of a large open plan kitchen leading onto a lounge and dining area, 1 very large bedroom and 2 smaller bedrooms with a shared full bathroom. Both houses are connected to a backup water supply with 2 x 5000 Litre water tanks.
The park is fully equipped with communal facilities including braai area and swimming pool, games room, 9 hole putt-putt, laundry, kitchen facilities, ablution facilities with showers and baths, large children’s playground with jungle gym, borehole, backup water storage plant with water tanks for the ablution facilities, etc.
There is a separate office and reception building and separate workshop and storage area.
The business reservation system as well as the billing and accounting systems are fully cloud based and accessible remotely from any device with a reliable internet connection.
Electric fencing connected to an armed response system encompasses the entire property as well as owner’s residence. CCTV monitoring also forms part of the security system as well as automated access control which is backed up by 24 hour armed response. All systems can be accessed and managed remotely.
The park is efficiently and effectively run on a compliment of 7 full time staff consisting of 2 reception staff who work a half day each, 2 housekeeping staff, 2 gardeners, 1 maintenance labourer and 1 maintenance manager. The business is managed overall by the owner with minimal day to day input and enables a situation where the owner is not trading time for income.
The business revenue is generated from a mix of permanently sited park homes (80%), camping sites (15%) and storage (5% caravan and boat storage) sites. There is potential to expand a certain portion or all of the camp sites & storage sites to accommodate more park homes to increase permanent tenant revenue.
Not many opportunities such as this come onto the market where 100% of the income can be proven and fully validated. Furthermore, income and sustainability of the business is not reliant on seasonal visitors and the business is profitable on the income from the permanent tenants alone.
Seasonal revenue is a bonus and thus renders this business resilient to the impact of Covid-19.
Key Property Features
Email the Owner should you require any further details.
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If you’re an avid fisherman, surfer or just someone that loves glorious beaches, coastal forests, magnificent coral reefs and endless sunny days, then the South coast is the place for you. The heart of the KZN South Coast, from Shelly Beach to Ramsgate, has a vibrant atmosphere yet very laid-back lifestyle. The area boasts an abundance of leisure and sporting facilities. People go to work dressed very casually, residents are surrounded by holiday makers, restaurants are always busy and beaches are always attractive.Find out more about Margate