Commercial Property For Sale in Goodwood

Property description

This sale is Subject to Confirmation by the parties involved

Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.
The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.

Established Accommodation Income | Approx. R100,000 Monthly Revenue

A great opportunity to acquire a well-established income-generating residential accommodation property with a proven monthly income stream.

Currently owner-occupied and operated as a short-term and long-term rental accommodation, this versatile property offers immediate income potential and an existing client base, including corporate stays, local travellers and international visitors.

Accommodation Breakdown

12 Rooms in Total

4 x Studio Units
• Private en-suite bathrooms
• Dedicated study / work desk areas

6 x Double Rooms

2 x Single Rooms

Shared Facilities

• Communal kitchen
• Communal lounge / chill area
• Laundry facilities with washing machines

Property Features

• Paved outdoor parking area
• JoJo water tank
• Wellpoint
• Prepaid electricity
• CCTV camera system
• Electric fencing

Monthly Running Costs (Approx.)

• Rates & Water: R5,000pm
• Cleaner: R4,000pm
• Electricity: ±R1,500pm

Investment Highlights

• Established and operational rental income stream
• Average gross income of ±R100,000 per month
• Diverse accommodation model (short-term and longer stays)
• Existing furniture can be included
• Immediate continuation of income possible

Important Disclosure

Additional Nu-Tec rooms have been added to the property to increase its accommodation capacity. Building plans have been submitted to Council and are currently pending approval. Purchasers are to satisfy themselves in this regard. Should approval not be finalised by transfer, the seller shall not be held liable.

A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed
The purchaser is required to provide the Certificates of Compliance