Midlands Country Estate with Guest House

Price : R 16,000,000
Listing Type : Guest House
Location : KwaZulu-Natal
Condition : Includes Property
Ref No. : 2940
No. of employees : 11
Turnover : R 221 400 pm
Cost of Sales : R 50 540 pm
Expenses : R 102 194 pm
Net Profit : R 68 666 pm
Asset Value : R 1 800 000
Property Value : R 14 200 000
Property Type : Estate & Gueshouse

This is a magnificent country estate located in the southern KZN Midlands. It comprises 2000m² under roof on 27 hectares of land. It includes a guest house with 5 suites, an owners’ residence, ample staff accommodation, large horse stables, a swimming pool and a tennis court, 2 boreholes and a power generator. Residential accommodation comprises 21 rooms including 9 bedrooms with en-suite bathrooms.

The guest house operating on a dinner, bed and breakfast, opened just 6 months ago and is steadily getting established in this popular tourism area with bookings arrangements via Nightsbridge and Booking.com.

Opportunities include expansion of the guest house capacity and development of the estate into a corporate retreat venue.

The reason for selling is that two of the owning partners, who are in retirement age, are relocating with family overseas.

The asking price is R16m excluding certain personal furnishings.

Due Diligence