Is a property valuation available?
No, but has been recently valued by Estate Agents
What Advertising/Marketing is carried out?
Advertised with various local letting agencies.
Is the property being let by a letting agency?
Not currently, only granny flat is being let privately
Is the business VAT Registered?
No, not Vat registered
What is the monthly rates and taxes payable to local authority?
R 1235 pm Total house area = 328 m2
What rental deposit has been secured from the tenants?
No permament tenants currently, but this could be an opportunity.
How involved is the Owner in running the business?
Do you require a licence?
No licence required, unless one wants to be graded as a 3 or 4 star accommodation bed & breakfast
What are the main assets of the business?
Gorgeous house consisting of 4 bedrooms, three bathrooms, outside (deck) and inside entertainment areas with pool. All bedrooms have full built in cupboards and two of these also have airconditioners. Includes seperate entrance exquisite granny flat, with en-suite bathroom and kitchenette for renting out. Double automated garage, together with seperate undercover carport.
Are any items not included in the sale?
What is their overall condition?
Very good condition - modern furnishings with granite tops in kitchens and stainless steel railings on staircases. Bathrooms all contain extremely modern plumbing accessories & fittings.
How have they been valued ?
Per valuation done by two local estate agents.
Are they presently insured?
Within 500m from a swimming beach. Secluded property - last house on a quiet residential lane. Great flowing house with open plan kitchen, dining room & lounge leading onto pool and outside deck.
Turning the house into a full B&B or renting out as a 2nd income investment.
What is the reason for the sale?
Owners relocating to Cape Town
Why is this property a good investment?
Very modern, well situated property in a quiet neighbourhood with fantastic privacy from neighbours. Open plan house leading onto outdoor patio with braai area looking onto the bush/sanddunes. Lovely granny flat with en-suite bathroom and kitchnette with seperate entrance, which is a rental opportunity which could be pursued more actively.
What is the asking price?
R 2 680 000
Annual Turnover Amount between R 500 thousand and R 6 million