Own your own exclusive large home/guest house in the Central Karoo. (Negotiable)

Own your own exclusive large home/guest house in the Central Karoo. (Negotiable)

Introduction:

• There is a present tendency to move out of the larger cities and to rural “platteland” areas where there is still peace/less crimes/less traffic and where a person can still find himself in the surrounding nature.
• This home falls into that category- situated in a well known Karoo town in the Western Cape, at the foot of an imposing mountain range and surrounded by vineyards and fruit and olive farms.
• The structures on this property (in total close to 500 square meters), were hand built by the owner- the structures consist of a cottage, 2 x cabins, recreation cabin, smaller house and then the large house- in total there are 7 bedrooms and 7 bathrooms.
• The stand is 5271 square meters in extent.
• All these structures are solid log homes with the finest of finishing touches a person can wish for- therefore it has a 4,7-star rating.
• A buyer of this property can decide to utilize it as a home for his extended family or to run it as a guest house, as the town’s main stream of income is actually from tourism (mainly domestic tourism), but once the covid regulations are relaxed also international tourism.
• Should a buyer wish to develop the property further there is still about 2500 square meters to utilize.
• This offer comes with fully furnished units, all pet friendly, 3 phase electricity, a swimming pool and stunning mountain views.
• The property has been registered with Afristay, Travelground, AirB&B etc.

Financials:

• Should a buyer wish to utilize the property as a guest house (self-catering units), the income can be as follows- the months of February /March/May/June are usually quiet- this leaves 8 months of the year for a possible income.
• Working on an occupancy rate of 60% (this is a good average), and working on R 450 per person per night, and occupying all 20 beds in 7 bedrooms, that would be a potential income of R 1.97 million per annum.