Huge Guest House Urgently for sale in Overberg area:

Huge Guest House Urgently for sale in Overberg area:

 Introduction:

• This nutec guest house is only 8 years old and hence still in a very good condition and well maintained.
• The house comprises of 9 bedrooms (some double/some single), and 7 bathrooms.
• The 9 bedrooms are made up as follows:
  • Ground floor-1 flatlet comprising of 2 bedrooms/1 bathroom/kitchen dining room area, a second flatlet with same composition, a bachelor flat with bathroom and kitchenette- these sections all have separate entrances with own verandahs.
  • First floor- 4 double rooms each with ensuite bathrooms.
  • The first floor also comprises of a huge kitchen/dining room/TV room and an indoor/outdoor braai area.
  • The verandah on the first floor is 48 sq meters with sea and mountain views.
  • The total square meters of the house is 400 sq meters.
• Building costs for this building is at present around R13,000/sq meters and stands varies in this town from R1 million to R3 million.

Finances:

• It will depend on what a buyer wants to do with the house- ie. just live there or use it as an income generating business- here the options are vast- guest house/permanent residents/retirement centre/conference centre/health and wellness retreat etc.
• Potentially just renting the ground section out on a permanent basis an income of R20,000 pm is possible.

Selling price:

• R5,75 million