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R83,000 Income Pm Guest House With Permanent Tenants For Sale

Edenvale, Gauteng, South Africa
Asking Price:
R5,800,000 Furniture / Fixtures included
Sales Revenue:
R1,100,000
Cash Flow:
R996,000

R83,000 income pm for 13 rooms only. 5 extra rooms used for short term daily rentals with additional income. Total of 18 rooms & 18 (MES). R5,8 m + vat. B&B and/or Permanent tenants. Bore hole. Solar geysers. Domestic quarters.
All rooms are fully furnished. Sold lock stock & barrel. Walk in walk out. All rooms are private.
Business operating for 13 years. Has restaurant with liquor license in place with seating for 50 people in dining room. BAR with serving counter. Lapa leads onto pool and entertainment area. Located in a gated security boomed area. Ideal for conference centre. Double garage can be converted to 2 extra rooms, making it a total of 20 rooms. . This can be a real money spinner. Run a B & B and Restaurant simultaneously which means double Monthly income. Can zero rate for Vat. Bargain . Owner retiring to the coast.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

18 rooms 18 MES . 14 rooms are permanently let with R83,000 pm income. Other 4 rooms are used for B & B daily rentals

Location:

inside security boomed area

Size in square feet:
30,000
Planning Consent:

All approval certificates in place

Business Operation

Expansion Potential:

Can add more rooms

Reasons for selling:

Retiring to the coast

Years established:
15

Other Information

Furniture / Fixtures value:
R800,000 - included in the asking price

Contact Simpson Properties

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