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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
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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