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Commercial Property in South End For Sale

R9 000 000

Bedroom icon 26 26 1 317m2
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Commercial Property in South End For Sale

MADIBA BAY Guesthouse, South End, Port Elizabeth

13-15 Wyndham

Bedroom icon 26 26 1 317m2

Commercial Property in South End For Sale

13-15 Wyndham,

MADIBA BAY Guesthouse, South End, Port Elizabeth

R9 000 000

Monthly Bond Payment: R

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26 Bedroom icon 26 1 317m2

Features

  • Parking 6
  • Lounge 3
  • Dining Areas 2
  • Balcony
  • Deck
  • Pets Allowed
  • Access Gate
  • Scenic View
  • Kitchen
  • Built in Braai
  • Guest Toilet
  • Entrance Hall
  • Paving
  • Garden

Description

Madiba Bay, a 4 star guesthouse,  **The asking price includes all furniture as per detailed inventories. (on request)** 

Established since 2003, is ideally situated in the historic and charming suburb of South End, Port Elizabeth. Comprising 3 separate properties (dwellings) over 3 erven.  

Elegance and simplicity is the heart and soul of this 26-bedroomed guest house. All the rooms are individually furnished with paintings of mainly South African artists, combining contemporary décor and some of the latest ideas in technology. Newly renovated rooms are lighter and brighter with white percale linen. All necessities such as tea/coffee making facilities individually controlled aircon, DSTV channels is provided. Executive rooms have fridges and microwaves as an extra. All rooms are en-suite, comprising of either a bath or a shower. Complimentary Wi-fi available in all rooms.

The establishment, offers a stunning modern large open plan lounge/bar area with a huge fireplace where the ambience is geared to comfort and relaxation. 

The property offers two conference rooms for you to choose from.  Ideal for any occasion and group sized. Each conference room is fully equipped and can be reconfigured to host all sorts of events, training, seminars, presentations etc…

They also cater for venue hire in Port Elizabeth, including, Flipchart and markers | Portable microphone | DVD/CD Player | Screen | Surround Sound | Boardroom / Cinema / Classroom style seating | Stationery | Data projector.

The latest addition to the property is the brand new Computer Lab & Exam Centre ideal for Corporate companies, Foundations, NGO's, Universities & Colleges where on site training & accommodation is needed.

The property features in total 26 en-suite guest rooms, 2 dining rooms, office space, 4 powder rooms, reception area, large patio, 2 kitchens, laundry, built in bar and braai areas. The 2 large training/boardrooms can accommodate 20-30 people each. 

The facility is also available for long term rentals with an established client base & regular return business,  listed on all the accommodation portals.  All  detailed financials are in place and on request to SERIOUS buyers only.

Occupancy rate certificates are available , making this a sound investment.

RATES FOR ALL 3 ERVEN - R 9795.00

Excellent loyal staff, with many great reviews.

Madiba Bay is conveniently situated close major attractions, sporting facilities, restaurants and has a shuttle service to and from the airport which is close by.

The Boardwalk Casino and Entertainment Complex is just down the road and provides a fantastic shopping experience as well. Spectacular stretches of coastline are only a short drive away.

It will be my privilege to assist you in this life changing decision.  To own this well loved and established guesthouse, well known and frequented by locals and foreigners alike.

Only SERIOUS buyers need apply please.   NON DISCLOSURE/CONFIDENTIAL UNDERTAKING AND AGREEMENT to be completed.

**We can assist with the pre-qualify check. Viewings by appointment only.** 

Sold as a GOING CONCERN, VAT APPLICABLE. For VAT vendors this will be a zero rated transaction and no transfer fees applicable. 

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 9,795

Property Details

Web Ref RXAA-3736
Property Type Commercial Property
Erf Size 317m2
Bedrooms 26
Bathrooms 26
Garage 1

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Contact Agent

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Lara Probert

Sales Associate

RE/MAX Bay (Humewood)

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Enquiry about property Ref:RXAA-3736

R9 000 000

Monthly Bond Payment: R

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

Contact Agent

Agent profile picture

Lara Probert

Sales Associate

RE/MAX Bay (Humewood)

MessageCall me back Whatsapp
Book a viewing

Contact Lara Probert

Agent profile picture

Lara Probert

Sales Associate


RE/MAX Bay (Humewood)

Show number

Show number

Enquiry about property Ref:RXAA-3736