Filters
LocationSouth Africa, Free State

Sector - Property

Asking Price
R1,000,000
Monthly Profit
R 12,975
Asset Value
R 1,000,000
Stock Value
R 0
Yearly Net Profit
R 155,700

Summary

Three double bedrooms. two bathrooms, jacuzzi and spacious open plan lounge makes this the ideal weekend retreat. Rental income last year far in excess of any bond costs needed to buy this beautiful apartment. Two floors up and offering suburb view over the dam. Watch the yachts set off from nearby Lake Deneys Yacht Club of set off in your own boat, jet-ski or wind surfer from your water access just 100m from your own apartment.

Give me more information

How does the business operate on a daily basis?

The current owners have a website, from which they derive tenants on a casual basis for various properties, including this one.

What Advertising/Marketing is carried out?

Website

What competition exists?

Other similar premises in the area

How could the profitability of the business be improved?

By using personal contacts to offer friends and business associates the opportunity to experience a weekend at the Vaal Dam in luxurious surroundings.
Could be offered as an incentive "weekend get away" to employees for performing well and rewarding their achievements, thereby creating more profits in ones primary business.

Give a breakdown of staff/ functions/ length of service?

N/A

Do any have management potential?

Current owners will continue to manage the property if required.

How involved is the Owner in running the business?

Owners handle all enquiries and bookings

When does the current lease end?

N/A

What are the trading hours?

Mainly weekends

What are the main assets of the business?

Two sectional title apartments complete with basic furniture, including fridge/freezer, dishwasher etc. Other items of furniture may be negotiated if required.
A double garage big enough to house a 20ft boat.

Strengths?

Location, just 100m from the waters edge on the Vaal Dam, in Deneysville.
Already a well known destination just 1 hour form Johannesburg.
Management in place if required.
Combine business and pleasure with one investment.

Weaknesses?

You may enjoy the peace and tranquility too much and not want to go back to work!

Opportunities?

By maximizing the rental opportunities, you can pay for your second home at minimal extra cost.
With a 40% deposit and a bond for 60%, you could pay this off over 5 years, from your rental income.

Threats?

No threats perceived.

What is the reason for the sale?

Owner wishes to expand adjacent property to provide restaurant facilities to weekenders not wishing to self cater.

Location

Contact | Enquire

Stan

Stan Moran

LocationSouth Africa, Gauteng

Preferred method of contact

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