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Upmarket 4-Star Guesthouse In Colchester For Sale

Colchester, Eastern Cape, South Africa
Asking Price:
R15,000,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

If you are looking for a Lodge or Guesthouse to cater to the corporate market, then this property might just be for you. Historically they have catered for foreign tourists, but due to Covid restrictions, the occupancy levels have dropped drastically. The new Coega Industrial Zone is expanding and growing rapidly with new warehouses and corporate buildings developed monthly and with this growth, there’s been a sudden demand for accommodation in and near the new Harbour.

This property offers a lot of potential for expansion and with the growth of the Industrial zone a mere 15min drive away, the visionary investor can develop a conference and team building venue to cater for the corporate market. The current owners reached retirement age and do not have the will for any new developments and would gladly make way for someone else to grab this opportunity.

We do have an arrangement with the current owners that we will not disclose the location or name of their business without a signed NDA (Non-Disclosure Agreement) from any interested party and they are happy to supply all the financial history IF the interested party is prepared to provide proof of funding.

Please do not hesitate to contact Bertie van Deventer for the NDA.

Property Information

Real Estate:

Real Property Included

Premises Details:

Commercial Property (3 744 m²)
Lifestyle Guesthouse

Aquatic Activities, Coastal/Beach, Country Living, Fishing Estate, River frontage

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