Guest House for sale
Income-focused property near town and main routes, offering rustic charm with solar backup and secure CCTV gate; currently a 21-bed, 17-bath guesthouse primed for redevelopment.
This exceptional development property is currently operating as a guest house and boasts a prime location near the town and major access routes, all while maintaining its charming rustic appeal that keeps guests coming back. The property is being presented as a development opportunity for 10 residential units or accommodation units that can be rented out monthly, with an estimated monthly income of approximately R84,000, requiring minimal modifications to achieve.
The property can be easily converted into 10 accommodation units, with utilities such as power and water already in place. Additionally, there is ample space available for a Phase 2 development of another 10 units, as well as the potential for a Phase 3 development of an additional 10 units, potentially generating a total income of R250,000 per month.
This valuable property is secured with a managed security gate and a CCTV system. It is further protected by electric fencing on three sides and palisade fencing at the front.
Moreover, the property is equipped with a solar power system, ensuring resilience against power outages or load shedding, providing a comfortable and enjoyable experience for tenants.
This is a prime business opportunity that should not be overlooked. Don’t hesitate to reach out for a private viewing, as this property is likely to sell quickly!
Listed for sale at R13,570,000
Price reduced by 11.6% to R11,995,000
Hilldrop serves as a strategic and tranquil commercial node in Newcastle, offering a blend of professional office space and hospitality venues with excellent proximity to the central business district and major transport routes.
