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Eight Bedroom Guest House And Additional House For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R11,000,000 Furniture / Fixtures included
Sales Revenue:
R500K - R1.5M
Cash Flow:
R500K - R1.5M

Great income from 2 separate buildings on one property. The main Guest House has 2 flats on the ground floor. Each with its own entrance, fully kitted kitchenette and outdoor patio. One of these flats has 2 bedrooms and an undercover parking bay for 2 cars. Inside the guest house are 4 further units. One of these is a family unit with 2 bedrooms and can sleep 4 guests. The kitchen is huge with 3 ovens and 2 stove tops (includes 6 plate SMEG stove). Plenty of prep space and many cupboards. The Guest lounge and guest dining room can seat over 20 people and the sliding door opens to outdoor seating on the large patio overlooking the pool area. Each unit has its own bathroom as well as large flat screened TV's, great wifi coverage throughout the property, bar fridges and coffee and tea stations. The large salt water pool is between the main Guest House and the separate 3 bedroom, 3 bathroom house. The bedrooms, in the second house, each have their own entrances and can be separated from each other or linked as one home. The property is in a beautiful and well secured part of Upper Kenilworth in the Southern Suburbs of Cape Town. Guests include national & international holiday makers, business, medical, academics, sports, school tours and the SA Defence Force and police services. The property also boasts a double garage, 6 further parking bays, 2 offices/ staff rooms, staff bathroom and attractive garden. The sale price includes all fixtures, furniture, furnishings, linen and stock on hand (replacement value well over 1 million rand). Many great awards and accolades with exceptional ratings on Tripadvisor and Booking.com. This property has continued to earn a very good income during this period of lock down due to Covid. From future enquiries as well as new contracts signed, we are expecting next year to be as strong as our previous years. We cannot, however, forecast the next few months and so we have decided to lower our asking price to give any new owner a buffer for 6 months. Only serious buyers will be entertained.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 bedrooms and 3 bathrooms with a large open plan lounge, dining room and kitchen. An additional storeroom and a undercover patio with built in braai/ barbeque area. This home overlooks the pool area from the opposite side of the Guest House.

Location:

This Guest House is situated in Upper Kenilworth in the Southern Suburbs of Cape Town. Ideally situated for business and leisure travel as well as being close to the University of Cape Town, top Cape Town schools, medical facilities and the best Cape Town attractions for international travellers.

Premises Details:

The property has a general residential G4 zoning and has two dwellings on the property. The Guest House comprises 6 units that include 2 x 2 bedroom family units and a further 4 bedrooms. In addition there is a 3 bedroom, 3 bathroom home. Each bedroom and bathroom has its own entrance and can be separated. The property boasts beautiful grounds, an enormous salt-water pool and parking for 8 cars on-site. An exceptional property to own in the ever popular Southern Suburbs of Cape Town.

Planning Consent:

The property has a General Residential : G4 zoning. This is a 'valuable' asset i its own right

Business Operation

Expansion Potential:

The Guest House runs at a high occupancy rate. The living accommodation is a separate 3 bedroom, 3 bathroom home and one or more of its bedrooms can be used as an Airbnb option if desired for further income.

Competition / Market:

In 2019 the Guest House won the Lilizela Runner-Up award in its category in the whole of the Western Cape. This is a wonderful accomplishment and is awarded by the South African Government's Tourism Department to honour and celebrate those who make a remarkable impact on tourism in South Africa.

Reasons for selling:

Youngest child finishing school and moving abroad. Owner would like greater flexibility to visit adult children overseas.

Trading hours:

7am to 5pm 7 days a week. Some after hours work is necessary if late book ins are agreed upon.

Employees:
3
Years established:
15

Other Information

Support & training:

Owner is happy to train and support new owner. Existing staff have all been well trained already.

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Website:
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Home based:
This business can be run from home.

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