FOR SALE - 7 BEDROOM GUESTHOUSE IN LONG BEACH, NAMIBIA

A fantastic investment opportunity!

Key Highlights:

Current Income: The long-term rentals generate approximately N$ 20,000 per month, which amounts to N$ 240,000 per year. On top of that, the main house can be either lived in or rented out, providing flexibility.

Property Structure: The property includes a main house, guest rooms, and 4 apartments, offering diverse options for rental income.

Size: The erf is 620m2, which provides ample space for the current setup and potential future expansion or development.

Registered in a CC: This is beneficial for asset protection and tax benefits.

Price as advertised without furniture: N$ 6,133,000

Price with furniture included in the 4 guest units only: N$ 6,412,000

Price with furniture included in the 4 guest units and main house: N$ 6,690,000

Main House (280m2):

• Living Area: Includes a spacious kitchen, lounge/dining area, and study.
• Bedrooms: 3 en-suite bedrooms with a walk-in closet that was previously used as a bedroom.
• Bathrooms: 4 bathrooms, making it ideal for family or larger groups.
• Additional Features: Indoor BBQ, guest WC, and a tandem garage.

Guest Rooms and Apartments:

• Cottage (46m2): A charming, romantic space with its own fireplace, private garden, kitchenette, and en-suite bedroom. This could be a premium rental due to its ambiance.
• 3 Apartments (35m2 each): Modern, fully-equipped units with kitchenettes, en-suite bathrooms, and beautiful views of the Namib Dunes. These are ideal for short-term or long-term rentals.

Additional Amenities: Barbeque area, single garage, parking for 5 cars, and a laundry room (28m2).

Financials before Covid-19 on short term rentals:

Turnover: Approximately N$ 336,000 per annum.

Profit: Approximately N$ 210,696 per annum before COVID-19, which shows potential for strong returns once conditions normalize.

Rates & Taxes: N$ 1470 per month, which is relatively low for the size and scope of the property.