7 Bedroom House in Middelburg

R 2 500 000

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7 Bedroom House in Middelburg

R 2 500 000

Can I afford this?
7 Beds
6 Baths
2 Garages
Floor Area 320 m²
Land Area 3148 m²
Rates R 450

Become the owner of this newly opened backpackers lodge in Middelburg, an ideal opportunity for development and rental potential.

The large 3148m2 property is well positioned on the R56 which is halfway between Cape Town and Pietermaritzburg via Kokstad. It is a major attraction for students across the country to the local Grootfontein Agricultural college.

The lodge sleeps a maximum of 11 people on single beds in four bedrooms with a total of 6 bathrooms. The bathrooms are made up of three showers, a single bath, four toilets as well as a basic lounge and kitchen area. A further three self-catering units sleep three and has its own kitchenette, shower, toilet and basin.

Outbuildings on the property have a single garage, laundry and dam area with additional space for the construction of a second entrance. There is plenty of guest parking and also a fully functional borehole.

The backpackers is fairly new which is perfect for a buyer to come in and reconstruction to specification. You can expect to generate a healthy income from students which basically takes care of the bond payment.

All the resources and infrastructure is already in place which makes it an ideal buy for developers.

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Key Property Features

7
Bedrooms
6
Bathrooms
2
Covered Parkings
1
Dining Areas
2
Garages
1
Lounges
Alarm
Flatlets
Furnished
Kitchen
Pets Allowed
Study

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7 Bedroom House in Middelburg

R 2 500 000

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