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Four Star Guesthouse In Heatherdale, Pretoria For Sale

Pretoria, Gauteng, South Africa
Asking Price:
R15,000,000 Furniture / Fixtures included
Sales Revenue:
R2,300,000
Cash Flow:
R100K - R500K

This beautiful guesthouse in Pretoria has been for over 22 years and have built a loyal customer base throughout the years. This business is a walk in turn key operation, staff are responsible and cooperative. There are easy options to expand and diversify should you wish to grow this business even further.

Excellent turnover, occupancies and offering a buyer a historically achieved yield in excess of approx. 15% based on the asking price.

The property has been wonderfully maintained with exceptional finishes.

Positioned close to Rosslyn, this guesthouse offers leisure and corporate travellers all the comfort you can wish for.

The location is ideal due to its proximity to Rosslyn, Medunsa and Soshanguve providing a constant flow of corporate bookings.

The guesthouse is ranked very high the area and due to its superb reputation and has consistently very high occupancies.

Period May 22 – April 23: 64% average occupancy.
All 15 luxurious guest rooms have their own bathrooms en-suite. All guest rooms come with aircon, flat screen tv with own dstv decoder or open view, free WiFi,
coffee/tea making facilities.

• 8 Double rooms (R850 per night)
• 5 Queen rooms (R950 per night)
• 2 Full self catering units with small kitchens (R850 per night)
• Freestanding 3 bedroom house (R2200 per night)

Breakfast can be enjoyed alongside the pool or in the tastefully decorated dining are.

Electricity: Eskom PLUS Solar system. Inverter and batteries are recently installed to make sure the lights, tv, Wifi and heaters stay on for the guests.

Water: Municipal PLUS Borehole and 5000 liter holding tank.

Additional features:
• Parking: 20+cars
• Laundry
• Kitchen plus scullery
• Garden and pool/entertainment area with separate braai areas
• Full kitchen and dining area in lapa that can be used by guests wishing to self cater.
• Full kitchen and lounge area for the owner/manager that is separate from guests.
• Staff quarters on the property.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a separate double bedroom, full lounge and kitchen that the current owner is using. There is also a self catering unit with a single bedroom and a small kitchen for the manager.
Staff accommodation is also on the property.

Location:

The guesthouse is located in the north of Pretoria close to Rosslyn and Onderstepoort, excellent for corporate travellers.

Size in square feet:
1HA
Planning Consent:

Currently finalising commercial zoning for guesthouse.

Business Operation

Expansion Potential:

Potential to become a wedding venue - there has been a lot of equiries for hiring the venue for receptions, photo sessions, etc.

Great expansion possibility as the back of the property can be developed into more rooms.

Competition / Market:

The area does have a few guesthouses but to date this has not impacted the occupancy.

Reasons for selling:

The owner is retiring and would like to be closer to her children.

Trading hours:

Open 24 hours a day, Reception hours are from 6am - 9pm

Employees:
7 full time employees
Years established:
1997

Other Information

Support & training:

The owner will provide training on systems, planning, housekeeping, groundskeeping, etc to any prospective buyer

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.