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Hartleys Victorian Country Guest House In Magaliesburg For Sale

Magaliesburg, North - West, South Africa
Asking Price:
R6,500,000
Sales Revenue:
Under R100K
Cash Flow:
Under R100K

Located in the burgeoning tourism belt bordering the picturesque town of Magaliesburg and in close proximity to the iconic Mount Grace Hotel and the Hartley Museum at the “Out of Africa” venue, this well-known Country Guest House and Business complex lends itself to a multitude of uses:
• Guest House
• Conference Centre and Wedding Venue
• Business Park
• Tourism Mecca with flea market and Curios
• Potential Polo fields with Clubhouse
• Church
• College or Private School
• Historical venue similar to Pilgrims Rest in Mpumalanga

The property is registered in a transferable CC and measures 19.3866 hectares of which 14.5066 hectares is vacant land. The buildings on the remainder of the property (i.e. 4.880 hectares) measure 3,000 sq. meters under roof. The property is divided by a servitude road and is zoned agricultural/commercial.

The Business is also registered in a CC and comprises the following:
• 9 shops measuring toilets for the tenants. All the shops have prepaid meters and contribute to the rates and taxes as well as the security.
• Sports Bar and restaurant. The sports bar comes with the liquor licence.
• A large braai area under roof.
• Various accommodation facilities.
• The accommodation currently leased on a monthly basis comprises:

• There are a number of other buildings on the property re Pump room, generator room, toolshed, jacuzzi Lapa under thatch, double storey doll house, a rondawel, slate wall dam (the swimming pool), storeroom with 6 rooms inside. The electricity is 3 phase with single phase pre-paid meters in all tenant occupied buildings, houses and shops.

The above generates an income of around R53,100.00 a month.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Various

Location:

Magaliseburg

Premises Details:

Measures 19.3866 hectares of which 14.5066 hectares is vacant land. The buildings on the remainder of the property (i.e. 4.880 hectares)

Size in square feet:
19.4 Hectares
Planning Consent:

Yes

Business Operation

Expansion Potential:

Yes

Competition / Market:

Yes

Reasons for selling:

Seller is retiring

Trading hours:

Not applicable

Employees:
Not applicable
Years established:
Over a century ago

Other Information

Support & training:

Yes

Contact SA Land

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