Profitable Guest House In Prime Parkhurst.

This gem of a Guest House offers upmarket guest house accommodation in the heart of one of Johannesburg’s most beautiful suburbs, Parkhurst.

Operating since 2014, it is a popular choice for leisure and business travellers, both local and international. In fact, about 50% of the guests are from the UK, USA and the Netherlands. Many having chosen this gem on repeat visits.

Just a short walk away from Fourth Avenue, Parkhurst’s bustling street of restaurants, cafes, and boutiques.

The Guest house is situated on a double Parkhurst stand of 991m2, and is a peaceful oasis in the heart of Johannesburg!

Due to its proximity to Johannesburg’s major hubs, including Rosebank and Sandton, and its closeness to the Gautrain station, it is perfect for business trips or breakaways.

Visitors always marvel at the natural rocks, trees and abundance of birds that fill the property. Entering the property feels like stepping away from the city, which is why many visitors use it as a perfect weekend or holiday breakaway. Due to the privacy of the suites, some choose it as the perfect accommodation to recover and recuperate after cosmetic surgery.

The guesthouse uses the Knightsbridge software and booking platform resulting in bookings from all the big travel sites – Bookings.com, Travelstart, Expedia etc. The average annual occupancy rates have been 65% plus.

Great reviews on TripAdvisor and Google!

Features and Services:

Accommodation consists of 6 fully equipped and beautifully appointed secluded suites – 4 x 1 bedroom and 2 x 2 bedroom.
2 of the suites are pet-friendly which is quite unique for those who don’t want to leave their fur babies at home!
Ideal for short or long term stays whether for business, leisure, relocation, post-surgery recovery or spiritual healing
Bed and Breakfast.
Self-Catering.
Free high speed fibre optic Wi-Fi connection.
On site transport.
Secure garage parking for 5 cars.
Laundry services.
Beautiful Koi Pond.
Swimming Pool.
13kva Generator keeps the lights on during loadshedding.
Solar Geysers.
Gas stoves.
On-site Manager’s accommodation.
The Numbers:

Staff – 3 (including a very competent on – site Manager.)
Assets – furniture, equipment and soft furnishings -around R500 000.
Average turnover – R120 000 per month.
Expenses – around R50 000 per month.
Owner’s takings – around R70 000 per month.
Selling Price – R6,5 million including property (which is valued at R5 million.)
Reason for Selling – The owner is relocating.