Property description

This Guest Lodge and Bar is an excellent property investment generating a monthly income of approximately R 65 000.00 which can be increased ,The property is built on 6 stands measuring 1982 m2 . There is also ample space to build additional rooms . There are a total of 23 rooms and 18 bathrooms as well as a flatlet and a fully functional bar with pool table , kitchen , office and a dining room . There is also a garage , store room 5 covered car ports ,laundry , a huge basement approximately 60 m2 in size plus ample open parking spaces and a swimming pool.

The Rental income is made up as follows: ( room sizes vary in size )

3x Rooms with own bathrooms at R 2600.00 per room per month. 9x Rooms with own bathrooms at R 3000.00 per room per month. 1x Room with sharing bathroom at R2000.00 per room per month. 2x Rooms with sharing bathroom at R2500.00 per room per month. 4x Rooms with own bathrooms at R 3000.00 per room per month. 1x Full flatlet consisting of a lounge / dining room , kitchen , bedroom , bathroom and a private spacious balcony ( currently being occupied by the owners , rental income can be R 6000.00. pm ) 3 x Staff rooms ( occupied by staff , Which can also be rented out at R 1200.00 per room per month.) 

SHOULD A PURCHASER NOT WANT TO RUN THE BAR AND WOULD RATHER WANT TO RENT IT OUT A REASONABLE RENTAL WOULD BE APPROXIMATELY R 20 000.00 PM. IN WHICH CASE THE TOTAL MONTHLY RENTAL WILL INCREASE TO APPROXIMATELY R 85000.00 .

This property has just been listed for sale at an excellent price in order to attract a quick sale , To avoid losing out on this great investment book a viewing appointment today.