Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Commercial Property For Sale. Breathtaking, Profitable Kzn Coastal Guesthouse

LISTING DETAILS
Firms For Sale ID:
32073
Vendor reference:
12943
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$14,000,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
Image Not Found
BUSINESS DESCRIPTION
This is an Investors dream!!

An amazing opportunity to acquire the most beautiful piece of coastal Real Estate coupled to a thriving, profitable and exclusive Guesthouse offering personalized, superior accommodation.

Superbly located on the ever-popular KZN South Coast, this location offers spectacular sea and breaker coastline views where whales and dolphins are frequently seen not to mention the incredible sardine run that occurs late June, early July.

This beautifully appointed property comprises 12 rooms all individually and tastefully decorated with luxury furnishings and bedding. All the rooms have DSTV, aircons, en suite bathrooms, safes, hospitality trays and hair dryers and most bedrooms have private balconies with spectacular sea views.

The Executive suite has its own lounge and the Honeymoon suite comes complete with Hollywood bathroom and Jacuzzi. The guesthouse is 850 m2 in extent and the property, 2100 m2. Folding doors open from rooms, lounge and dining area to a magnificent vista and breathtaking sea views.

To add to this magnificent opportunity, the guesthouse enjoys 75% occupancy and as a business, generates R100k per month profit. The financial performance of the establishment will be verified with audited Financials.

The sale is made up of two components namely:

The Property, valued at R11.0 million and the business which has been valued at R3.0 million.

Included in the price of the business is an asset base worth R1.0 million which includes beds, linen, dĂ©cor, cupboards, chairs, tables, TVâ??S, curtains, garden tools, washing machine, tumble dryer, crockery and cutlery in other words, a fully furnished, decorated and equipped facility.

Amenities include a licensed pub and smoking lounge with a large flat screen TV, Internet facilities, a large braai area, a lovely pool overlooking the sea and safe, secure parking. The guesthouse serves a full English breakfast and also offers evening meals, a laundry service and transfer to and from the King Shaka International Airport on request.

If this fantastic investment opportunity interests you, kindly contact the listing Agent.