This outstanding property in Bluewater Bay, Port Elizabeth, offers a rare chance to buy a profitable and well-kept guest house setup. Located on two separate plots within one secure compound, this versatile gem is perfect for those looking to invest in a business with multiple income streams. The property consists of two houses, each with eight bedrooms, providing a total of 16 rooms. With a location just 200 metres from the beach and close to all amenities, this property is ideal for holidaymakers, long-term tenants, and even professional visitors.
This outstanding property in Bluewater Bay, Port Elizabeth, offers a rare chance to buy a profitable and well-kept guest house setup. Located on two separate plots within one secure compound, this versatile gem is perfect for those looking to invest in a business with multiple income streams. The property consists of two houses, each with eight bedrooms, providing a total of 16 rooms. With a location just 200 metres from the beach and close to all amenities, this property is ideal for holidaymakers, long-term tenants, and even professional visitors.
Given the growing industries in Port Elizabeth and ongoing developments, such as those in energy and the automotive sector, this property presents a lucrative opportunity to develop accommodation for professional visitors. The city's expansion, including new projects in the Coega SEZ and other industrial areas, further enhances the appeal of this property for investors.
The main guest house is a spacious double-story building. It features three bedrooms upstairs and five bedrooms downstairs, all equipped with safes. The downstairs area includes a reception, a fully-equipped kitchen with a gas stove, and a laundry room. A large garage with a built-in braai area leads to the fully paved exterior, which includes a carport and a lovely koi pond. Upstairs, you will find an open-plan kitchen with scullery, a five-plate gas stove, and an electric oven. The upper level also includes a sleeper wood bar area, knotty pine flooring, and ceilings, as well as indoor and outdoor balcony areas with a large balcony.
The second property within the compound has four self-catering apartments, each offering privacy and convenience. The first apartment includes two bedrooms, each with an en-suite bathroom, and an open-plan kitchen, dining, and lounge area. The second apartment is a spacious one-bedroom unit with a complete kitchen and bathroom. The third apartment has three bedrooms, two bathrooms, and an open-plan kitchen with a dining and lounge area.
Top features of this property:
Two houses on separate plots within one secure compound
Sixteen bedrooms in total, with eight bedrooms per house
Located just 200 metres from the beach
Fully equipped kitchens in both houses
Large garage with built-in braai areas
Four self-catering apartments in the second house
walled compound with security gates
Facebrick construction with watertanks
This brick property also includes watertanks and a garden ready for personalisation. Security gates and high walls around the compound ensure a safe and secure environment. Whether you choose to buy one or both houses, this property offers an exciting opportunity to become the new owner of a thriving guest house business in a highly desirable location.
- Asking Price:
- R6,995,000 Inventory / Stock included
- Sales Revenue:
- R100K - R500K
- Cash Flow:
- R100K - R500K
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
16 bedrooms and four self-catering apartments
- Location:
-
In Bluewater Bay just 200 metres from the beach, this property offers not only a prime location but also a chance to capitalise on the growing industries in Port Elizabeth.
- Premises Details:
-
This stunning property features two houses on separate plots within a secure compound, offering a total of 16 bedrooms.
- Planning Consent:
-
Plans are available the buildings is build with full consent of the Municipality
Business Operation
- Competition / Market:
-
There is other bed and breakfast in Bluewater bay with extensive marketing can the property be full house every night
- Reasons for selling:
-
The owners want to retire, they run the business on part time basis, the husband have other business he operates and the wife work as nurse
- Trading hours:
-
24 hours
- Years established:
- +- 10 years
Other Information
- Support & training:
-
The owners are willing to give training
- Furniture / Fixtures value:
- R942,800
- Home based:
- This business can be run from home.