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Commercial Property in Penina Park For Sale

R9 850 000

Bedroom icon 27 27 7410m2

Commercial Property in Penina Park For Sale

Luxurious Guesthouse & Bachelor Flats with Event Venue Potential

Bedroom icon 27 27 7410m2

Commercial Property in Penina Park For Sale

Luxurious Guesthouse & Bachelor Flats with Event Venue Potential

R9 850 000

Monthly Bond Payment: R

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27 Bedroom icon 27 7410m2

Features

  • Parking 6

Description

Welcome to this extraordinary 27-room guesthouse property, a prime investment opportunity that combines luxury living with excellent income potential. Nestled in a serene setting, this establishment offers both short-term accommodations and long-term rentals, catering to a variety of guests.

Property Breakdown:

• 17 Guesthouse Rooms: These one-bedroom suites feature en-suite bathrooms with showers and are currently rented at R1,071 per night, generating a potential monthly income of 39% ROI.

• 10 Bachelor Flats: Perfect for long-term tenants, these stylish flats come with beautiful open-plan kitchens complete with granite countertops. Rented at R4,500 per month, they offer a stable income stream.

• Generating a potential monthly income of 39% ROI.

• Additional revenue opportunities are available by utilizing the property for conferences, weddings, and other special events. The space is well suited to host a variety of occasions, providing a unique and memorable experience for guests while generating supplementary income for the property.

Key Features:

• Entertainment Lapa & Pool: Ideal for leisure, guests can relax in a stunning entertainment Lapa, complete with a large pool.

• Conferencing & Event Venue: With a hall that accommodates up to 100 guests, this venue is perfect for weddings, celebrations, or corporate events.

• Breakfast & Dining Area: A spacious breakfast area and large kitchen provide ample space for catering services.

• Eco-Friendly Utilities: The property features pre-paid electricity and a powerful borehole that supplies abundant water, adding to its sustainability.

• Spectacular Gardens: The lush, breathtaking garden creates a tranquil oasis, offering a picturesque setting for any event or gathering.

This guesthouse is not only a luxurious retreat for short-term visitors but also a perfect venue for special events. The well-maintained garden, exceptional facilities, and idyllic surroundings make this property a hidden paradise for guests and investors alike.

We commit ourselves to:

*Truthful and honest advice.

*Professional attitude, assessment, and understanding of your needs.

*Confidentiality and protection of your interest.

*Negotiate the best possible agreement.

No one sells more property than us, so make the smart choice now. Pre-qualified or cash buyers will be given preference. If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment. Please also click on the logo to your right to see all properties available by us.

Make that important call TODAY!

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 20,000

Property Details

Web Ref RXEG-9708
Property Type Commercial Property
Erf Size 7410m2
Bedrooms 27
Bathrooms 27

Contact Agent

Agent profile picture

Salet Taljaard

Candidate Property Practitioner

RE/MAX Northland Realty (Polokwane)

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Enquiry about property Ref:RXEG-9708

R9 850 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Salet Taljaard

Candidate Property Practitioner

RE/MAX Northland Realty (Polokwane)

MessageCall me back Whatsapp
Book a viewing

Contact Salet Taljaard

Agent profile picture

Salet Taljaard

Candidate Property Practitioner


RE/MAX Northland Realty (Polokwane)

Show number

Show number

Enquiry about property Ref:RXEG-9708