Registered Guest House and Conference Centre in Ferndale

R 13,000,000

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9 months ago246 views
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General Details
Description
The Business consists of 25 Units that are rented out as a Guest House and Several Conference Rooms.
Of these 25 Units there are 6 self catering units (they have a kitchenette and small lounge);
There is also a 2 bedroom flat with small kitchen and lounge.
Each unit is fully furnished and a functioning guest room with furniture, TV, Decoder, Fridge, Microwave, Kettle, Desk, Bedside Tables, Chairs, Air-Conditioner, Laps and linen.
Parking for 50 cars on the premises.
Inverter system
3 Inverters and 5 batteries with 57 solar panels. 2 Generators and one solar geyser.
Borehole with additional water storage tanks and several pumps and a filtration system making this guest house self-sufficient.
4 Conference Rooms that can accommodate as a schoolroom-style set up 35-15-30-45 people.
Board Room can seat 8 people.
Each conference room has a Proxima, White Board, Furniture and Air-Conditioner.
One monthly tenant that rents a small conference room and is converted to a day spa.
The Guest House also offers:
Wi-Fi, Laundry, industrial kitchen, dining room, several store rooms, public toilets and 3 large patios and several small patios. \
Lapa/Braai area;
3 Staff rooms and another big staff room that can accommodate 7 staff members.

Selling Price include furniture, office equipment, linen, solar installation, decor etc plus future bookings for accommodation and conferences.

Centrally located, close to major routes, shops, hospitals and schools.

Property Reference #: 431

Agent Details:
Tessa Aggenbacht
Cycad Estates
West Rand, Johannesburg

Id Subtitle 1226292399
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Estimated monthly repaymentR 140,882
Total property loan amountR 13,000,000
Total interestR 20,811,661
Total repaymentR 33,811,661
Interest rate at 11.75% for 20 years *
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Cycad Estates
Selling for 1 year
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