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Modern Guest House In Garden Route For Sale

Garden Route, Western Cape, South Africa
Asking Price:
R19,500,000 Furniture / Fixtures included
Sales Revenue:
R4,000,000
Cash Flow:
R1,900,000

A well established Guest House/Boutique hotel based in the center of the Garden Route. The establishment comprises of eleven two bedroomed apartments, Kitchenette, Dining room, Lounge and a balcony with Braai facilities. All the bedrooms are on suite. The apartments can also be rented as two separate bedrooms. The building is three stories, 1000 sq/m under roof, with a swimming pool and parking for eighteen cars. Breakfast is also offered if requested. This business is well occupied throughout the year by mainly corporate customers who provide repeat business. The apartments can be zoned for sectional title and sold separately. This property yields over 10% on the investment.

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