NEW
21,000m² Guesthouse For Sale in Glen Donald AH
R25,000,000
41 Donald Road
Web Ref
COM31190
16 Year Established Function Venue For Sale Meyerton
Situated in Glen Donald AH Meyerton this exceptional income producing commercial property offers a rare opportunity to acquire a well established function venue with a 16 year trading history positioned close to Meyerton Vereeniging and the R59 with excellent accessibility and strong financial performance. The property is zoned mixed use for residential and business and spans 2.1 hectares. The operation generates consistent returns with the restaurant achieving a monthly turnover of R650 000 to R750 000 and an average gross profit of 50 percent while being fully equipped for continued success. Significant upside exists through leasing multiple residential dwellings and business premises currently owner occupied. The property features high value infrastructure including a R3.5 million solar system with 320 panels two 50 kWh inverters a 200 kWh battery backup and a 150 kW generator along with an Ajax security system valued at approximately R400 000 two boreholes three phase electricity fibre connectivity ample parking landscaped gardens and secure gated access. Facilities include a fully licensed restaurant with indoor and outdoor dining a wedding and events hall with chapel accommodating 200 to 250 guests a fully equipped kitchen five restrooms a stage for live performances lapas with a bar and pizza station with wood fired ovens children play areas and a private function lapa for 80 to 100 guests. Residential accommodation includes a main house with three bedrooms two flats an office and storeroom a second dwelling with two bedrooms and open plan living a third dwelling with three bedrooms three bathrooms a sunroom dining area and swimming pool with lapa as well as a honeymoon suite. Additional onsite businesses include a carwash and shop with a five year lease a family run printing business without a lease and an owner operated inflatables business forming part of the VAT registered entity. This is a highly reputable income generating asset offering strong cash flow valuable infrastructure and significant growth potential through its mixed-use capabilities.
Disclaimer: Rates and taxes are estimated and may vary.
Disclaimer: Rates and taxes are estimated and may vary.
Features
Zoning
Commercial
Interior
Power (3 Phase)
Yes
Exterior
Security
Yes
Sizes
Floor Size
21,000m²
Hylton Atkinson
Non-Principal Property Practitioner Registered with PPRA(FFC 1186446)
Cell 079 272 7030
Office 010 300 6441
