Riversdale Other for sale / to buy

Outstanding guesthouse in upmarket area... Riversdale, Western Cape, South Africa

Price: R2,950,000

Outstanding guesthouse of 426 square meters in upmarket area of the peaceful and quiet town of Riversdale falling under the beautiful Overberg area of the Western Cape. This is a remarkable property of distinction with exceptional finishes and attention to detail as far as guest entertainment is concerned. In operation since 2003 there are six bedrooms of which four are at present used as guest accommodation. Four bathrooms, open plan kitchen - living room with separate dining room and glass sliding doors onto barbeque area that makes for elegant entertainment of visitors and a joyful stay so that they will come back time after time. Established and well kept garden with 1, 5 meter vibracrete walls for privacy around a lovely swimming pool surrounded by paving and lawn. Permanent plants like trees, scrubs and bushes give shade for hot days and create a scenic and beautiful atmosphere in this peaceful setting. The property is marketed as a running concern and as it stands, except for a few personal belongings of the Owner and has over the last few years drawn numerous regular customers like Government employees visiting, South African Police service personnel, parents of kids in the Agricultural school as well as regular guests coming off the N2 highway. Internet marketing by the Owner has in the past few months resulted in a huge increase in visitor numbers. The average yearly bed occupation has steadily climbed from 2004 with 34.08 % then 2005 with 53,43% then 2006 with 44% and in 2007 with 66,25%. Don’t miss out on this excellent opportunity to invest in the right address with this income producing property. The price is R2,950,000 Background Information Riversdale : With a population of around 6 000, Riversdale is becoming fashionable among retirees and holidaymaker seeking peaceful surroundings. It is also gaining popularity as an area that offers good property value - sometimes less than half of the going price for similar sized properties in the rapidly developing areas of George and Knysna. Situated at the foot of the stately Langeberg Mountains, Riversdale is an oasis of trees and greenery, which along with its summer rainfall, temperate climate and low crime rate, are proving to be lures for those wanting to get away from it all. You just don’t see electric fences in the town! Currently the entry level price for a Riversdale home is around R450 000 while those that offer more space and tend to be sited on larger stands, sell for R650 000 to 750 000. Farms, which are predominantly dairy, sheep, wheat and ostriches, start at around R2 to R3 million. Despite its rural vibes, however, Riversdale is ideally positioned in terms of access to major shopping centres and top medical facilities. A 40km drive to the sea and an hour’s drive from Mossel Bay and George. While offering limited scope for job seekers, Riversdale is ideal for those with entrepreneurial spirits, lending itself to the establishment of businesses related to tourism and local agricultural activities. There is scope to establish vegetable and tunnel farming enterprises to supply local residents’ needs and towns such as Stillbay, Heidelberg and Witsand. Even the cultivation of the local fynbos wild flowers could be worth considering.

Property Facilities Riversdale property

◊ Bedrooms: 6◊ Bathrooms: 4

◊ Living room◊ Swimming pool◊ Dining room◊ Kitchen◊ Garden◊ Braai area

Contact Details Riversdale property

Benhard Wiese Tel: 084 611 2293 to e-mail this agent   More properties by: Benhard Wiese   View all properties by: Cape Coastal Homes

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