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Beautiful Guest House In Kempton Park For Sale

Kempton Park, Gauteng
Asking Price:
R5,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R100M - R500M
Cash Flow:
R100M - R500M

This guest house is a beautiful double floor thatch roof house situated on a 2019 m2 erf. A tranquil garden with abundant bird life awaken`s you each morning. A large spiked wall with 16 security cameras and beams protect the property. It is situated in Kempton Park, Birch Aces 10 km from O.R Tambo International Airport.

The house has 9 bedrooms and 7 bathrooms. Two kitchens, two dining rooms and two lounges for relaxation. A reception to greet your guests. A bore hole with clean water can supply the entire house with water. Free WiFi and free parking is available. Each room is equipped with a flat-screen TV with satellite channels, hair dryer and safe. Tea-and-coffee-making facilities are also provided. Some rooms come with bar fridges and micro wave ovens. The house is within a short drive from the Mall of Africa, Greenstone Shopping Centre, Festival Mall, golf courses and hospitals.

Property information

Real Estate:

Real Property Included

Living Accommodation:

The owners live in a large double room with a small lounge attached.

Location:

The guest house is located close to main transport routes, an industrial area as well as shopping centers.

Premises Details:

The premises is 2019 m2 and the buildings are 545 m2

Size in square feet:
6,624
Planning Consent:

The property is registered as a res one and application is awaiting to have in declared res one with special permission.

Business Operation

Expansion Potential:

The guest house needs to expand to have at least 12 rooms and a swimming pool and lapa.

Competition / Market:

There are only two other very expensive guest houses close by but are not seen as competition as they cater for the very wealthy

Reasons for selling:

I am over 60 and my wife is approaching 60 and has had a serious operation

Trading hours:

6am to 10pm 7 days a week

Employees:
three
Years established:
3 years

Other Information

Support & training:

Will be available for one month after sale

Furniture / Fixtures value:
R700,000 - included in the asking price
Inventory / Stock value:
R25,000 - included in the asking price
Home based:
This business can be run from home.

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