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R11,999,000

12 bedroom guest house for sale in Colchester Central

3 3rd Ave, Riverside Park
12 Beds
12 Baths
4 Garages
3,119m²
Furnished
Pool
Upmarket Self Catering Tourist Venture For Sale

Exceptional Investment Opportunity

4-Star Self-Catering Establishment Near Addo Elephant Park

Discover an unparalleled investment opportunity with this 4-star self-catering establishment, ideally located within the prestigious Riverside Park development. Just a 5-minute drive from the southern entrance gate of the renowned Addo Elephant Park and a mere 25 minutes from Port Elizabeth Airport, this property offers both convenience and the allure of nature.

Though not directly on the riverfront, it boasts a charming 150-meter walk to a private jetty on the picturesque Sundays River. During its grading process, this establishment was offered a 5-star rating, contingent upon adding a 24-hour reception desk—a testament to its quality. However, the current owners opted to retain their 4-star status, reflecting their contentment with the existing setup. The accompanying photographs will illustrate why a 5-star offer was on the table.

Comprising seven self-catering units spread across four distinct properties, this sale includes all furnishings, with a complete inventory available upon request. While international tourists often favor full board accommodations, this property currently operates as self-catering. New owners have the potential to significantly increase occupancy levels by transitioning to full board services, including meals and activities. With existing infrastructure in place, minimal changes could transform this property into a highly lucrative venture.

Designed with low maintenance in mind, each building is complemented by beautifully maintained gardens, as depicted in the photos. For nature enthusiasts, this investment is a dream come true—providing an opportunity to live and work surrounded by nature's beauty. Awaken to the melodic sounds of abundant birdlife or enjoy a leisurely stroll along the riverfront to unwind with a sundowner on the jetty. The boundary fence of Addo Park is only 1.3 kilometers away, allowing you to hear the calls of jackals or hyenas at night and possibly even lions while gathered around a campfire.

This property's unique location and potential make it an opportunity not to be missed. To fully appreciate its value, a personal visit is essential. Contact Bertie van Deventer today to schedule your viewing of this exceptional investment opportunity. Please note that potential buyers must provide proof of funding prior to viewing, as per our arrangement with the current owners.

Property Type
Guest House
Bedrooms
12
Bathrooms
12
Stand Size
3,119m²
Living Area
6
Study
1
Garages
4
Pool
Yes
Furnished
Yes
Garden
Yes
Reference
2337654
Grade
P
Address
3 3rd Ave
Property history
Listed for sale at R11,999,000
21 Nov 2024
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20 minutes outside of the hustle and bustle of the beautiful Gqeberha (Port Elizabeth) lies the even more beautiful Colchester.
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