1546 m² Hotel/Resort For Sale in Odendaalsrus

This fully tenanted guest house in Odendaalsrus presents a prime investment opportunity. With annual lease contracts in place, the property generates a steady monthly income of R23,600. Financing this property at the current prime rate of 11.75% over a 20-year period would result in a manageable monthly repayment of R13,000. Additional monthly expenses include rates and taxes, as well as water, totaling R2,500. Each of the 9 cottages and the main house have their own pre-paid electricity meters, ensuring separate billing and easy management. The property comprises of two stands: (ERF 496 & ERF 497) measuring 773 square meter each: which makes the total property size of 1,546 square meters. The main house boasts 6 bedrooms, while each cottage has its own bathroom, geyser, and electricity distribution box. This translates to a monthly net profit of R8,100. Don't miss out on this lucrative opportunity to own a guest house in a desirable location.