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Stunning 12 Bed Guest House in Glen Austin

R 8,500,000

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General Details
For Sale By:Agency
Dwelling Type:Other
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):798
Parking:Garage
Description
Selling as a package deal, the property consists of a 3 bedroom main house and cottage with a 9 bed (en-suite) Bed and Breakfast Guesthouse with approved plans for 7 Kingsize suites.

The Guest House offers a spacious dining room, fully equipped kitchen, guest en suite shower & toilet, fitness center, sports & or sports massage area / Fully furnished conference centre / Dining area / transforming into training facilities, wellness centers, student accommodation, and more.

The B&B itself is a well known registered going concern generating a six figure monthly income. Ample parking (covered and open). Fully booked until mid 2025!!!

Own borehole (potable) and 8Kva inverter for self sustainability - Eskom supply as backup (3-phase)

Patio bar and two swimming pools. Thatch homes with lightning protection (poles and sprinklers).

Excellent security, with CCTV, electric gates, guards, electric fence (360 degrees).

Zoned Residential with Business Rights (available on request).

Conference facilities (furniture included in sale)

Has Pool
Property Reference #: JRL22307

Agent Details:
Sava Michaelides
Jawitz Properties
1st Floor
18 Kyalami Boulevard
Kyalami Business Park
Midrand
1685

Id Subtitle 1295901692
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Estimated monthly repaymentR 92,116
Total property loan amountR 8,500,000
Total interestR 13,607,625
Total repaymentR 22,107,625
Interest rate at 11.75% for 20 years *
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Jawitz Properties
Selling for 4+ months
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