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PROFILE |
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Description: |
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This registered student residence is comprised of two houses. A secure investment as Nelspruit has a public university, a technikon, a few private universities, a technical school and more. There is potential for tourist accommodation. The property is included in the price.
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Industry / Sector: |
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Hospitality - Hotels and Guesthouses |
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LOCATION |
| State / Province: |
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Mpumalanga RSA |
| City / Town: |
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Nelspruit |
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Location / Area: |
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Suburbs |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
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PRICE |
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Asking Price: |
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R 5 000 000 |
| Conditions: |
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Cash transaction required |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 76 000 per month
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| Profit: |
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R 55 000 per month
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| Annual Return: |
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13
% per annum
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| No. of Staff: |
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1 |
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Year Established: |
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2021 |
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Legal Persona: |
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- unknown or withheld - |
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Other Information: |
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TOURISM POTENTIAL
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The proximity of nearby Swaziland and Mozambique as well as the Kruger Park offers opportunities to expand into tourist accommodations. For now we are only serving the student market.
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