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Prestigious Riverfront Guesthouse and Function Venue

 

PROFILE    
Description:    This exclusive guesthouse is in a serene peaceful environment with breathtaking views and a majestic riverfront. The property caters for weddings, corporate functions, weekend visitors, birthdays, matric farewells and special occasions. The property is 21,414m² in extent and consists of a guest house, bike room, office, guest bedrooms, chapel, venue/functions and a second house. The building total is 2,900m². The asset value of equipment, furniture, catering rooms etc is R5 million. The property is valued at R33 million.
Industry / Sector:    Property - Commercial
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    South Gauteng
Location / Area:    South Gauteng
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
 
PRICE    
Asking Price:    R 21 000 000
Conditions:    Cash
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 266 000 per month
Profit:    R 141 000 per month
Annual Return:    8 % per annum
No. of Staff:    8
Year Established:    2000
Legal Persona:    - unknown or withheld -
Other Information:   

 

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.
Record ID: 2925
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