Guesthouse Property for sale

R 7,850,000

Can I afford this?
7 months ago359 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):956
Description
This well established Guesthouse - bed and breakfast or self catering property in Queensburgh for sale.

This 4 star bed and breakfast has been running since 1997 and has been developed and upgraded over the years and has well established business with regulars.

The owners want to immigrate therefore the reason for sale.

There are 4 seperate buildings on this property with 2 cottages and 3 rooms and 2 suites Sleeping 21 people.
10 bathrooms
Pool. outdoor jacuzzi

Cottage 1 - double story cottage with 2 bathrooms, one with jacuzzi bath. Bedroom upstairs with en-suite. Aircon and balcony. Downstairs is lounge. Kitchen and bathroom and second bedroom. with braai facilities and garden.

Cottage 2 has 2 bedrooms and 2 bathrooms. Kitchen lounge and veranda with private braai area and garden.

Flat 1 has a bedroom with kitchen and bathroom with jacuzzi bath and balcony. Aircon.

Flat 2 with kitchen bathroom and Aircon and veranda

Garden Rooms - 3 rooms with seperate entrances all with kitchenettes and en-suite bathrooms one room also has a jacuzzi bath. All with verandas. Garden have braai areas and pool and outdoor jacuzzi

There is a main dining area for guests
Main kitchen for staff to cook
Laundry area
Office with adt security and 10 cctv cameras around property

5000l backup water system in place.

Gas geysers and heatpumps and backup geysers in place.

Entertainment area consist of a jacuzzi bath with decking.
A pool and braai areas with garden furniture to seat many guests.

Pond with koi and water feature.

2 gated seperate entrances to the property and parking bays for 9 cars.

Staff toilet and shower.
Storeroom also for garden stuff.
Property is suitated opposite a large park



This is a commercial licensed property. And is being sold as a going concern with all furnishings to run a bnb. You just transfer and continue running the business.

No levies
Rates is R3500pm.
The Guest has a good income, The statement book will be open for Serious Buyer only

Property Reference #: 12626

Agent Details:
Sfiso Mavundla
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg

Id Subtitle 1232453255
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Estimated monthly repaymentR 85,072
Total property loan amountR 7,850,000
Total interestR 12,567,042
Total repaymentR 20,417,042
Interest rate at 11.75% for 20 years *
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Okandivi Properties
Selling for 7+ years
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