Award Winning Guest House for Sale

Eastern Cape

R 12 000 000

Financial Information

Detailed financials available on request

Property Included Seller Handover

Serious buyers

This unique award winning Guest House is situated in the Addo area and within a short driving distance from the World renowned Addo Elephant National Park. The Addo Park itself run on a 95% occupancy level year round to the advantage of the surrounding Guesthouses. The peak or high season from September up to the end of April every year with foreign tourist and then from May to August with local tourist or visitors. The 2016 occupancy rate of this Guest House was 49%, with a projected occupancy rate of 53% for 2017. At first glance, the occupancy could be seen in a negative light, but one needs to keep in mind that 90% of all bookings are from International guests and the rates are almost double to those Guesthouses in the City with high occupancy levels and at the end of the day you make the same, if not more, with a lot less input over the financial year. This Guesthouse is set on almost 1 Hectare of land and to replace the buildings will be just under R 10m at the current building cost for the area. The new owners will have ample opportunity to build upon the current owners' success, while putting their own stamp on the establishment and taking the business in whatever direction they choose. The current owners have indicated a willingness to stay on for a transitional period, as required, to help the new owner get up to speed with the business. Asking price excludes Stock and VAT. This is a unique investment opportunity worth considering! Interested parties will be required to sign a confidentiality agreement before any additional information is passed on. All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers, who can supply proof of funding. For more information, kindly contact the listing Broker

Bertie Van Deventer

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