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R12,647,000

Monthly Bond Repayment R130,540.87
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R6,335

Prestigious 4-Star Boutique Guest House for Sale


Prestigious 4-Star Boutique Guest House for Sale

Set among extensive and beautifully landscaped gardens and bordering a Nature Reserve, this 4-star boutique 14-room guest house comprises 3 separate houses and a stand-alone luxury guest suite, and a separate 3 bedroom owners house on two adjacent stands, which total approx. 6,000m2 of land.

This is an established and highly profitable business which has been trading for 27 years and under the current ownership for the last 19 years. There is further potential for expansion of another 5 guest suites in a prime location over-looking the Nature Reserve.

The business has maintained high annual occupancy rates due to its ideal location for both business clients, domestic, regional and international guests.

Situated only a 2-minute drive from the CBD of Nelspruit/Mbombela (the capital of Mpumalanga and one of the fastest growing cities in South Africa) and within an hour's drive to Kruger Park; Mozambique and Swaziland,.

In 2018, it won the Lilizela Tourism Award for "Best 4-star guest house in the province," and it is consistently ranked above 9 out of 10 across web booking portals.

In 2019, we are once again proud provincial winners of this prestigious award.

The business is being sold as a going concern with fully trained and loyal staff in place, including: Reservations/Receptionists; Housekeepers, Maintenance and Security staff.

The owners currently live on site and manage the business, but the business was previously managed by staff when the owners lived off-site. There is staff accommodation on site for front- and back-of-house staff.

The sale includes all assets (buildings, fixtures, fittings, furniture, & stock) and the business goodwill. Price is VAT excluded (unless buyer is VAT registered)

• Reception area and office; on-site laundry; and several storage rooms
• Spacious commercial kitchen and in-house restaurant.
• An indoor dining room seats 15 people. All business rights and liquor license in place.
• A thatched outdoor dining area with magnificent views over the nature reserve can seat a further 20 people.
• Large pool set among big granite boulders
• Beautiful established landscaped gardens with a communal guest braai area and fire pit and a chill out area in “the jungle”
• Secure on-site parking for 17 cars including 2 double garages and 1 x double carport
• Extensive grey water and rainwater irrigation systems for the garden
• New electric fencing around the entire property, CCTV camera system; and a 24-hour security company.

Professional Business Valuation done at R18.2 million in 2023

Features

14
14
4
Pets Allowed
Yes
Interior
Bedrooms
14
Bathrooms
14
Reception Rooms
3
Studies
1
Furnished
Exterior
Garages
4
Carports / Parkings
13
Security
Yes
Domestic Accommodation
1
Pool
Yes
Views
Yes
Sizes
Floor Size
1,730m²
Land Size
5,500m²

Nelspruit Ext 9, Nelspruit

Nelspruit is the capital city of the Province of Mpumalanga.   The province is unique in the sense that it borders with the 3 provinces of KwaZulu Natal, Limpopo and Gauteng as well as, on an international front, with Swaziland and Mozambique, and the Kruger National Park.   The Lowveld, where Nelspruit is situated, is renowned for its mild warm climate, its beautiful nature (including prolific bird-...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

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Electronic Document Preparation
Vat @ 15%
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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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MONTHLY REPAYMENTS

 

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Monthly Payment

130,540.87

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