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R4,200,000

Lodge Resort For Sale - Mtwalume KZN South Coast Self Catering establishment

Riverside-On-Sea, Mtwalume, is an established holiday resort on the KZN South Coast. Fairly close to Hibberdene.
Mtwalume is a seaside town with reasonably good infrastructure. This establishment is a mere stone's throw from the beach, and has great ocean views from most angles.

It offers, as-a-going-concern, ie:- Lock, Stock and Barrell, a resort with 7 chalets with varying sleeping capacities, a restaurant and Bar area with pool table, and a beautiful thatched pool area. There is also a managers house and small kiosk / store room.

All chalets are fully equipped and furnished for self catering visitors, and albeit older style, the establishment is extremely well kept and maintained.

During peak periods, max occupancy levels are reached, but there is scope to dramatically expand on out-of-season and weekend occupancy levels. The owners are retiring.

I have an extensive info pack available, but I will only provide this to serious buyers. The business has a proven sales record, and all financials are up to date and in order. The BUSINESS is being sold TOGETHER with the property, although the actual business Close Corporation is not for sale. Take over the business and retain the name though. It is NOT vat registered as yet.

The owners have been dependent upon the business for many years already - Come take it to the next level. Seeking all "early retirees" or those taking a pension payout etc.etc. Live on site and live off the income. Enjoy a lifestyle of hospitality and good friends.

LIQUOR Licence in place, and the property has hosted the local Bingo Club (approved by GBSA) for many years. The bar and recreation hall can allow for dance evenings etc.too for additional revenue. Your opportunities here are endless. Office is equipped for business.


Please, this opportunity is for a suitably qualified hands-on owner operator with cash to buy, plus should have access to some working capital for the very short term after taking transfer. On this basis you will enjoy a fantastic business and lifestyle with a good stable revenue source.
All local municipal and national requisites are in order (licences, registrations etc..)..
ASKING R 4 200 000 ALL INCLUSIVE - Just bring your clothes....

Features

0
0
Title:
Freehold
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
1,000m²
Land Size
8,000m²

Make an Offer

Market value

R4,200,000

Offers from

R3,800,000

Offers for this listing must be made in R100,000 increments. More Info

 
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Disclaimer: While every effort will be made to ensure that the information contained within the Momentum Realty website is accurate and up to date, Momentum Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

56,086.38

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