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Well-known Self Catering Holiday Flats In Shelly Beach For Sale

Shelly Beach, KwaZulu - Natal, South Africa
Asking Price:
R7,150,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,258,000
Cash Flow:
R624,000

Breakerview is situated in Shelly Beach on the South Coast of KwaZulu Natal, only an hour and a half from King Shaka airport in Durban. This is an owner run self-catering establishment conveniently located on the beachfront. It takes about 40 seconds to walk from the secure parking lot until the beach sand touches your feet.

This well maintained establishment consist of 6 flats plus a two bedroom house on the same premises.
The six units are rented out and the owners stay in the house. The house could also be rented out to generate extra income.
The erf size is 2024 sq meters and is zoned residential high impact 2 with a limit of three storey unit(s).
All the necessary permits and statutory requirements are in place. This is a going concern business transaction and therefore it is a zero rate VAT transaction and also no transfer fees will be payable.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Two bedroom house with kitchen, dining room and living room with two bathrooms and a scullery.

Location:

Shelly Beach, close to the boat club.

Premises Details:

There are six flats available to rent out. Two one bedroom and 4 two bedroom units. On the premises is also a two bedroom house.

Size in square feet:
2024 sq meters
Planning Consent:

Zoning - Residential high impact 2 with limit of 3 storeys.

Business Operation

Expansion Potential:

The current house can also rented out, either as holiday accommodation or on a permanent basis.

Competition / Market:

Other holiday accommodation

Reasons for selling:

The owner wants to retire.

Employees:
2
Years established:
8 years

Other Information

Support & training:

Full support and training will be available.

Financing available:

No financing is available. Need to be a cash deal.

Home based:
This business can be run from home.