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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
R 7 800 000
Are you an aspiring entrepreneur in search of an exciting new opportunity? Your search ends here! Don’t miss this chance to own a versatile guest house that caters to both leisure and business needs. Welcome to this delightful guest house, a perfect retreat for visitors or an ideal investment opportunity! Nestled in a serene setting of Glen Austin, this property features cozy accommodations with a warm and inviting atmosphere. The business is B-BBEE Compliant; Code of Good Practice & Tourism Member of the GHASA: Guest House Association of South Africa The property is currently operating as a going concern (in other words, The property is currently functioning as an established business). The business generates a six figure annual income and rooms are regularly booked. The property is zoned residential use with business rights. Business rights can be provided upon request. Included in the sale: The guest house which boasts well-appointed 9 bed ensuites, each designed for comfort and relaxation. A 3 bedroom farmhouse, with 2 bathrooms A breakfast guest house including a flatlet, conference / dining facilities & all the furniture. The guesthouse comes with a fully equipped kitchen, spacious dining room, fully furnished conference Centre and fitness Centre. All the 9 rooms have ensuite shower, with one Honeymoon ensuite with Elizabethan bath. Some of the suites have a lovely outdoor space, complete with a patio or deck, ideal for morning coffee or evening gatherings. The landscaped yard adds to the property's appeal, providing a tranquil escape. The guest house has approved plans for additional 7 king size suites. Other property features include; A patio bar, 2 swimming pools, a borehole, 5KVA inverter, phase 3 Eskom supply for backup and lightning protection (poles and sprinklers) for the thatched homes. The security system includes CCTV cameras, guards, beams, electric fence and automatic gates. This property offers endless opportunities. The new owner can continue to operate the business as a bed and breakfast guest house and conference centre or convert it into student accommodation or training facilities. Whether you're looking to host friends and family or seeking a lucrative rental opportunity, this guest house is a must see! Don’t miss out on the chance to own this charming property, schedule a viewing today!
Estimated monthly repayment
R 73 658
on a R 7 020 000 bond over 20 years at 11.25%
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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
Listed by
Nomvula Mahlangu
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