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ASKING PRICE REDUCED FROM R5.5m
This unique weekend home can easily be converted into a luxury Guesthouse on the banks of the Sundays River, in a Prime and sought-after location, with the buildings measuring 739 square meters. If you were able to get a vacant riverfront plot in this Prime position then you will have to pay at least R1.5m, just for the land and to develop or build will cost you approx. R11k per square meter at the current building costs. That means if you must replace the current buildings then you will have to spent over R8m and now you are getting it for under R3500.00 per square meter. The southern entrance gate into the Addo Elephant National Park is under 5 minutes’ drive from the home and Port Elizabeth airport is under 30 minutes’ drive. The house was used as a weekend home by the current owners and to accommodate and entertain Business clients. The owner decided to sell as they wish to retire. The home consists of Six en-suite bedrooms plus four self-catering flatlets and can sleep up to 30 people sharing in all the rooms. There is also a beautiful big Lapa created from rock art which was used in the past for conferences, promotions, and training sessions. The Lapa, which is surrounded by a unique water feature, has sufficient space to seat up to 60 people. The current owner also owns various other businesses in Port Elizabeth and used the house for team building activities.
Unspoiled views over the river with a private jetty and braai area on the banks of the river. This is one of those unique investment opportunities that do not come on the market very often.
Please note that the asking price will exclude 15% VAT. The owners are also prepared to sell the content or furniture separately and price to be negotiated with the owners. We do have a full inventory available for interested parties.
Please contact Bertie van Deventer for any additional information or to arrange a viewing. Please just click on the video link below to give you an idea of the content.
