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Guest House/lodge Porterville For Sale

Porterville, Western Cape, South Africa
Asking Price:
R3M - R8M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R500K - R1.5M
Cash Flow:
R1,000,000

We have been mandated to sell this well known opportunity including land property and swimming pool for R 7.9m.
There is also an option to purchase a further 11392sqm of farmland which can be rezoned for residential purposes and development.. Asking price R3.5m
The main guest house building includes 4 bedrooms and 2 offices, an air conditioned lounge (with fire place)and a fully licenced, operational bar, within a very a very large dining/function room with a built in barbeque at one end.
This area is regularly used for functions and small weddings.
Besides two large bar-storerooms there is a separate laundry/ironing room with two 12 kg washing machines.
Above the lodge is a large(20mx12m)single room open loft with vast accommodation potential.
There are 8 semi detached twin rooms all with en-suite facilities and air conditioning.
There is a separate wooden cottage above a ground level garage with 2 bedrooms(both with en-suite bathrooms), and a small 2 bedroom flat also on the ground floor(both bedrooms have en-suite shower /toilet ).
The property has abundant off street parking with additional (separate) servitude access .
The land has expansion space for the construction of additional buildings if desired, still leaving plenty of space for off street parking.
Wireless internet throughout.
Enjoy the lifestyle.

Property Information

Real Estate:

Real Property Included

Location:

Porterville

Business Operation

Expansion Potential:

Excellent

Competition / Market:

Nil

Reasons for selling:

Retirement

Employees:
6
Years established:
15 as a guest house but has been providing private and backpackers style accommodation since 1998

Other Information

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R30,000 - included in the asking price

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