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Pennington Beach Resort Conference & Adventure Center For Sale

Pennington, KwaZulu - Natal, South Africa
Freehold Price:
R8,300,000 Furniture / Fixtures included
Lease Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
R2,500,000
Cash Flow:
R100,000

Resort , Conference and Adventure Center “ Your 1 STOP resort “
Rare opportunity on KZN South Coast
Always wanted to the proud owner of a holiday resort on the coast?
Well here is your chance! The resort is situated within walking distance (500m) from the beach in Pennington, 9 Km south of Scottburgh on the KwaZulu-Natal South Coast. Several chalets, Log cabins, a bungalow and a lodge is situated among st indigenous trees on a 2,888 ha property. Unlimited potential to grow and go bigger. Business has been going for more than 50 years .
Units can also be combined for larger groups up to sleep 130 people.
Pennington Beach Resort specialize in School Adventure Camps/ Church Camps/Student Camps/NGO camps and families.
Conferencing facilities are also available in our fully air-conditioned hall.
We also offer adventure activities for groups.

Competition:
Very little as not many resort are suitable for this enterprise.
Expansion Potential:
Huge potential to grow as less than 40 % land is build up .

Accommodation :

A combination of accommodation is provided :
1. ) Eight chalets in different sizes sleeping 57 guests . 2. ) Eight log cabins sleeping 35 guests . 3. ) Lodge sleeping 14 guests . 4. ) Bungalow sleeping 22 guests . 5. ) Cottage sleeps 2 people
Total : 130 Guests

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Available as lease or with real property included

Living Accommodation:

A combination of accommodation is provided : 1. ) Eight chalets in different sizes sleeping 57 guests . 2. ) Eight log cabins sleeping 35 guests . 3. ) Lodge sleeping 14 guests . 4. ) Bungalow sleeping 22 guests . 5. ) Cottage sleeps 2 people Total : 130 Guests

Location:

500 from the beach in Pennington - KZN South Coast

Premises Details:

Holiday Resort , Conference & Adventure Center

Size in square feet:
2,888 hectares

Business Operation

Expansion Potential:

Huge potential to grow as less than 40 % land is build up.

Competition / Market:

Very little competition as not many resort are suitable for this enterprise.

Reasons for selling:

Ill health - severe back problems and mature age .

Trading hours:

All hours

Employees:
10
Years established:
50 years plus

Other Information

Support & training:

Yes willing to train new owners.

Furniture / Fixtures value:
R500,000 - included in the asking price
Website:
Login or register to view link
Lease asking price:
On request - Furniture / Fixtures included

Contact Information

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