Established Guest Lodge and Development Opportunity For Sale

Business description

The guest lodge has 16 guest rooms all with ensuite bathrooms, fully equipped kitchenette, interleading doors, private entrances and patio with braai. Each unit has its own Sectional Title Deed. The Restaurant with open plan kitchen , office and reception area. Swimming pool and tanning deck all set in an established tropical garden. 1 bedroomed manager's flat. Fully equipped laundry. Also included in the sale is the owner's 5-bedroomed house which is on a separate plot adjacent to the lodge and connected via a gate in the wall. This presents various development opportunities.

Property information

Real Estate:

Real Property Included

Living accommodation:

Managers Residence with bedroom, open plan lounge, kitchen and separate bathroom. Private secure patio with built in braai. There is also the Owner's residence as described above with 5 bedrooms, 2 bathrooms, lounge, dining room, kitchen, double garage, domestic workers room with toilet and shower.

Location:

The lodge is in a prime position close to Jeffreys Bay's main surf spots and just 200 metres from a designated swimming beach. It is also close to restaurants and shops. The great location means that the lodge is popular with various market segments including business travellers, holiday makers, weekenders, casual and professional surfers, international travellers and walk-in guests.

Other information

Expansion potential:

There is significant demand for conference facilities in Jeffreys Bay and to this end plans have been drawn up (but not submitted) for the addition of a conference facility by renovating the owner's house. It would also be possible to add more guest rooms or even develop up to 8 residential units on the property (subject to planning approval). As each unit in the lodge has its own Sectional Title Deed they could potentially be sold off individually or as fractional ownership.

Competition / Market:

Competition is mainly from guesthouses in Jeffreys Bay. The lodge has been targeted at those wanting comfortable and affordable accommodation, which represents 80 percent of the people visiting Jeffreys Bay. This, combined with the great location ensures that the lodge is kept busy all year round.

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