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Opportunity to buy a profitable Guest / Student house with excellent location
Commercial Property for Sale: Prime Guesthouse/Student house Opportunity near University of the Free State
This exceptional commercial property, located just 1.6 km from the University of the Free State and in close proximity to Universitas Hospital and various amenities, is now available for sale. With zoning and licenses up to date, this property is currently operating as a successful guesthouse and student accommodation, making it an ideal investment opportunity.
The property boasts 15 beautifully furnished rooms, each equipped with its own bathroom, ensuring privacy and comfort for guests. The main house, currently utilized by the owner, offers the potential to be converted into additional guest rooms, adding five more rooms to the total count. This flexibility allows for significant expansion of guest capacity, meeting the needs of a growing business.
The guesthouse features a fully approved kitchen, meeting all health and safety standards for preparing and selling food. This facility adds an extra layer of convenience and potential for additional income streams through meal services. You will find an equipped laundry room for guests to use.
Additional amenities include double garages with additional tandem garage, providing ample parking space, and two extra storerooms, perfect for a handyman or storage needs. The property also boasts a swimming pool, offering a relaxing retreat for guests, and extra water tanks ensure a reliable water reserve, crucial for uninterrupted operations. The property is equipped with 3 phase electricity.
All building plans for the property have been approved, providing peace of mind and eliminating potential legal hurdles for future development or modifications. This property is a rare find, combining location, versatility, and potential for high returns on investment. Whether you're looking to continue operating it as a guesthouse/student accommodation, or explore other commercial uses, this property offers unparalleled opportunities in a prime location. Financial statements are available to support the asking price, demonstrating a current income of R66,000.00 per month. With minor modifications, such as converting the main house or shifting the focus to student accommodation, the potential income could soar to R100,000.00 per month. The property is NSFAS-compliant, capable of accommodating up to 30 students, which can substantially boost revenue.
Don't miss out on this fantastic investment. All pre-approved buyers please Contact me today to arrange a viewing and explore the potential of this remarkable property.
