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R 1 998 000 | bed & breakfast property for sale in margate

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Property Description

This luxury B & B and the self-catering lodge is situated next to the Margate Airport, on 2100 Square meters, fully walled with 3 entrance gates. B & B is fully licensed. All bedrooms are on suite with kitchenette, lounge, TV (DSTV) and Wifi. A huge hall ideal for buffet meals, conferences, wedding, and similar functions. The hall also contains a pub and toilets. The lodge has its own ice-making factory with 5 ice making machines and a large cold room to house 4500 bergs of ice. Included is a delivery bakkie with mounted cold room to deliver to an existing client base/ The B & B has a complete commercial kitchen to cater for all types of functions. The B & B has its own water tanks so no shortage of water and a generator ensuring electricity at all times. There is a managers cottage on site as well containing 2 bedrooms, lounge, kitchen, and private garage and entrance gate. Daily flights to Johannesburg and back ensure that the lodge is occupied throughout the year. It is also very popular for functions due to the buffet hall and commercial catering. A very intelligent investment, well priced to go. Owner retiring.


Property Details

Purchase Price R 1 998 000

Building Size580 m2

Price Per SQMR 3444 m2

Monthly Rates1500

Type of PropertyBed & Breakfast

Land Size2051 m2

Pets AllowedYes

FurnishedYes

Last Updated20 Dec 2019

Rooms

Store RoomYes

Study1

Laundry1

Flatlet1

Kitchen6

Bedrooms5

Bathrooms5

Reception Rooms

Lounges6

Dining Room1

External Features

Swimming PoolYes

Patio1

Outdoor Livingplaster & Brick

Garages2

Carports4

General Features

SecurityYes

RoofingTile

FlooringTiles

Property Location

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