R6,900,000
Monthly Bond Repayment R73,583.64
Calculated over 20 years at 11.5% with no deposit.
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R5,855
Fantastic Business Investment!
Nestled in the heart of the upscale Meerensee suburb, this exceptional property presents a rare opportunity for both seasoned investors and those looking to enter the hospitality industry. Boasting a 28-year legacy as a 3-star accredited guest house, this income-generating B&B is offered as a going concern.
Conveniently situated on the main road of Meerensee, this 3700m² property is a mere 2 minutes' drive from the beach and a shopping mall, it effortlessly offers just what most guests are looking for when visiting Richards Bay.
Comprising of thirteen rooms, including five self-catering units, the property can comfortably accommodate up to 28 guests. Each room is equipped with modern amenities, such as air conditioning, ceiling fans, safes, TVs, coffee stations, fridges, DSTV, and Wi-Fi, ensuring a comfortable stay.
For relaxation and recreation, the property features two inviting pools, braai areas, and koi pond water featured gardens. The enchanting setting creates an ideal venue for intimate weddings, special occasions, and romantic getaways.
Guest safety is a top priority, with electric fencing, CCTV cameras, and an enclosed parking area with four lock-up garages for cars and parking for boats. An automated entrance gate, equipped with remotes for each room, adds an extra layer of security.
A central dining area, capable of seating 32 people is service by a small team in the fully fitted gas and electric kitchen.
Sold as a going concern, this B&B is not just a property but a thriving business with a high occupancy rate. The continuous 3-star accreditation underscores its commitment to excellence. The property's reputation as a well-known establishment attracts a diverse clientele, including business people and holidaymakers and very loyal return customers year on year.
A three-bedroom house on the premises provides a comfortable living space for the owners quarters, featuring a spacious lounge, dining room, and kitchen area.
Whether you're seeking a wise investment, a lifestyle change, or a new business venture, this property encapsulates the perfect fusion of quirk, convenience, and business acumen. Meticulously maintained, perfectly positioned, and steeped in a rich legacy, this property is not just a purchase; it's an invitation to be a part of Meerensee's thriving hospitality landscape. Don't miss the chance to make this dream property your reality. Contact us today for a viewing and take the next step towards owning a piece of paradise.
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Security Gate • Security: Electric Fencing • Security: IntercomMeer En See, Richards Bay
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