- 37
- 14
- 2 643 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 26192.00
Property description
This Residential property is currently operating as a motel, offering short and long term accommodation
This thriving business offers a unique opportunity for investors and entrepreneurs, sold as a going concern.
It offers 3 houses, 2643 Square meters, 37 rooms, 14 Bathrooms, 5 Kitchens, big dining area, lounge, and the bar, that has large sitting area inside and outside.
Prepaid Electricity fitted for each room.
Zoned for Residential 4
Currently - 4 flats, 9 double rooms, 14 single rooms, and 4 rondawels plus the bar they making approximately a net income of R180,000 a month
- Accommodation for short-term, long-term, and permanent residents
- Registered with reputable booking agencies .
*Amenities:*
prepared breakfasft served daily
- Daily room cleaning and weekly laundry services
- Secure inside parking behind a remote-controlled gate
- Fully licensed bar, that accommodate a capacity for 50 patrons, featuring:
- DSTV premium with live sports on big screen TVs
- Live entertainment
- Bar lunches
- Braai area
Gross return on investment 28.5%
Net Return on investment 20.22%
This property is situated closer to public transport, shops and schools, making it Ideal for BnB, student accomodation and rooms for rental
Investors this is a lifetime investment
Property Details
- 37 Bedrooms
- 14 Bathrooms
Property Features
| Bedrooms | 37 |
| Bathrooms | 14 |
| Erf Size | 2 643 m2 |
