Established Guest House For Sale

Business description

Stunning Island Guest House on Leisure Island, Knysna. 6 rooms en suite set in jungle like garden with pool and jacuzzi. Good occupancy rate and income that supports family of 4 plus 4 staff. Also good return on investment in terms of property growth of 28%. House has plans for double storey/enlargement. Perfect island lifestyle with income. Sold as residence. Inventory of furniture and website etc separate.

Property information

Real Estate:

Real Property Included

Living accommodation:

There are 6 rooms. Upstairs there is the sixth room which is a suite used by the owner/family or manager. ALternatively one can rent on the island easily to manage the property or live in the property

Location:

Prime location on famous Leisure Isle, Knysna. This jewel is set on the island in the lagoon. Walk to the beach in 2 minutes! Drive past business constant.

Other information

Expansion potential:

Build double story on the existing to realise more property value eg: current value R5.3m. MOnthly income of +- R100k plus escalation on property. Expansion possible to increase income. Build for R750k and realise R7m plus. YOu cannot lose on the island as it is a natural secure estate in the lagoon and property prices just keep going up!

Competition / Market:

Knysna is a booming tourist destination in South Africa. Few threats. Others opening on the island perhaps.

Support & training:

Owner willing to handover period

Reasons for selling:

Having to return to Cape Town

Trading hours:

All day 7 days a week

Financing available:

Bonds can be arranged of 50%

Website:

www.islandlodge.co.za

Contact the seller