SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

R2,995,000

Monthly Rates
R6,007 Excl. VAT

Prime commercial property with multiple income opportunities.

This property is set in a beautiful well maintained garden with plenty of water features to enhance the ambiance of the establishment. The coffee shop/restaurant is spacious and equipped with two kitchens, cocktail/bar area and two separate dining room areas with in- and outside seating available. Conference venue with kitchen facilities as well as a bar area with a large undercover veranda that is the perfect setting for a wedding or a conference. Open air wedding area also available. Adjacent to the conference venue is the Guest House with five spacious bedrooms plus a fitted kitchen to make it more convenient for the guests. There is also a cottage which consists out of four bedrooms, two bathrooms, living room and fitted kitchen could also be rented out to generate more rental income. .It is at this moment under lease till end of September 2024. List of furniture and equipment included can be provided on request . This is without a doubt a once in a lifetime opportunity to gain financial freedom.

The property consists of the following

1. Coffee Shop area:
- Outside shaded seating area – 50 people - Outside children’s play area – 15 children- Inside seating area – 25 people- Reception desk- Fireplace
- Air-conditioned- Coffee serving area- Fully operational kitchen- Office area accommodating 2 desks- Separate Male and Female bathrooms
- Stoep at the back (can also be used for seating up to 15 people)

2. Conference Room 1:
- Situated next to the Coffee Shop- Can be closed off for private functions and used separate from Coffee Shop- Seating for 30 People
- Fully licensed bar- Air-conditioned- Projector for presentations- Serving area (for example Buffets)

3. Cottage:
· Full Kitchen· Spacious living room· Outside patio – overlooking the garden area.· Outside Braai facilities in the enclosed yard area.
· 4 Bedrooms (One with a ceiling fan, one with air-conditioning, all can easily fit a Double Bed, one with a Double and a Single Bed, all with built in cupboards)· 2 Bathrooms, both with shower and bath. One bathroom is en-suite to the main bedroom.· Double Story – one bedroom on ground floor and 3 upstairs

4. Conference Room 2 / Wedding Venue:
· Seating 120 – 150 people· Fully licensed bar· Fully operational kitchen· Air-conditioned· Projector for presentations· Serving area (for example Buffets)· Separate Male and Female bathrooms· Large undercover stoep seating area of 15 people

5. Guesthouse:
· Fully operational kitchen·· Breakfast room· 5 Bedrooms with en-suite bathrooms ( One family room with kitchen for self-catering purposes
One bridal room with en-suite with corner bath)· 3 Bedrooms air-conditioned· Outside garden area

6. Outside garden area:
- Garden close to Wedding Venue for Wedding Ceremony- 15 on-site parking’s and ample outside public parking- Ground floor of main building used for storage

- Electric gate access- CCTV- Monitored Alarm system View by appointment only.

Property is registered in a trust and is VAT registered. VAT must still be added to selling price Sole and Exclusive Mandate



Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
815m²
Land Size
2,177m²

Cannon Hill, Uitenhage

UITENHAGE AT A GLANCE: Part of Nelson Mandela Metropolitan Municipality. Uitenhage, founded on 25 April 1804, is a South African town in the Eastern Cape Province. It is well known for the Volkswagen factory located there, which is the biggest car factory on the African continent. In 2001 Uitenhage was incorporated with the city of Port Elizabeth and the small town of Despatch, to form the Nelson Mandela...
More Info
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Guest Houses for sale in Cannon Hill, Uitenhage.

I accept your privacy terms. Privacy Policy
We will communicate real estate related marketing information and related services. We respect your privacy. See our Privacy Policy

Disclaimer: While every effort will be made to ensure that the information contained within the Huizemark South Africa website is accurate and up to date, Huizemark South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

42,537.82

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.