Accommodation Fully Let

  • R10,500,000
Midrand, South Africa, Gauteng, Johannesburg
  • Hospitality / Accommodation
  • Business Industry

Accommodation Fully Let

Midrand, South Africa, Gauteng, Johannesburg
  • R10,500,000

Description

  • City Johannesburg
  • Suburb Gauteng

Details

Updated on October 23, 2023 at 3:24 pm
  • Business ID: BB18493
  • Price: R10,500,000
  • Business Industry: Hospitality / Accommodation
  • Business Status: For Sale
  • Type of Business: Hospitality
  • Asset Total: 6500000
  • Monthly Profit: 93000
  • Estimated Selling Price Based on Assets: 13000000
  • Estimated Selling Price Based on Profit: 2232000
  • Business Activities: Consists of two separate properties Property 1 - Close to Waterfall Midrand area 1 x 3 bedroom House with massive garden 3 x 1 bedroom units with private gardens New built only 3 years old - modern designed for Airbnb With existing tenants and all valid lease agreements On time payers - no follow ups even needed All units have prepaid water and electricity meters as well as separate gardens Rent Received: R31,560.00 Massive Air BNB potential as close to PwC, Deloitte and other major offices close to the new Booming Waterfall CBD area Rent is under current market value as the owner prefers to retain good tenants over increase. Property 2 - Kyalami AH (Small Holding) Massive small holding - very neatly kept and maintained Consist of: 1 x Cottage ( 2 bedrooms) 1 x Office space 2 x Studio Apartments 2 x 1 bedroom apartment Main House (massive 4 bedroom) Swimming pool Braai chilling area Massive Well Kept Garden Endless expansion options as zoning is Agricultural and allows more rights than residential Full electric fence Borehole Generator Very Nicel garden Potential to increase revenue substantially by Air BnB or Guest house potential Existing Rental R65,800.00 Full lease agreements in place with good track record tenants Rent is under current market value as the owner prefers to retain good tenants over increase.
  • First Name: Accomodation
  • Cellphone Number: 0627360680

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