Exclusive Bed and Breakfast for sale in Norwood

’28 On Grant ‘ is an exclusive bed and breakfast situated  in the heart of Norwood. The well known establishment offers its guests spacious and comfortable rooms throughout the year. 

The guest house consists of 9 fully functional, self catering units complete with bath rooms on suite, 52cm televisions and DSTV.
 
With the World Cup fast approaching, the guest house is FULLY BOOKED, boosting the income to R250k during the period. 

The property is ideally located on Grant Avenue, a well known main road running through Norwood and into Houghton. The property is within walking distance to shops and restaurants whilst it is in close proximity to highways, parks, malls and all other major amenities.
This exclusive bed and breakfast is being sold as a going concern

Property Features:

• 9 units
• Bathrooms on suite
• Secure parking (13 bays)
• Communal dining room
• Central pool and entertainment area
• Laundry facilities
• 52cm Tv
• DSTV bouquet
 

Income:
• 80% occupancy levels
• 2 units currently occupied @ R6500 p.m
• Rate per room: R500 per day
• Rate per room if 3 guests stay in room : R650
• Laundry : R30 per load
• Breakfast :R50
 

Expenses:
• Employees (2):R2,500 p.m
• Water R2,000-R,3000
• Refuse: R180
• Gas: R1200