Fully describe the business's activities?
This opportunity is for a property on a plot.
Originally used as a Spa and beauty training centre, the vision for the Property was equip and strengthen students while helping them reach their full potential and become employable.
Its prime location, spacious layout, and existing spa infrastructure is perfect for a luxury wedding venue or high-end beauty spa or training venue
How long has the business been established?
Since 2002
How long has the owner had the business?
Since 2002
Fully describe this property and its income earning activities.
This property sits in a prime, high-traffic area, boasting a spacious layout with multiple rooms and a large training center ideal for luxury wedding venue, upscale beauty spa, or boutique event space.
Its existing infrastructure and location attract premium clients, enabling steady revenue from venue rentals, spa services, and educational workshops.
What is the approximate age of the buildings?
3-15 Years
What is the erf size and the size of the buildings?
1 Hectare
How does the business operate on a daily basis?
This is a property that has endless opportunities due to its size and location, but doesn't generate any income
Is the property being let by a letting agency?
No
How could the income of the property be increased?
This property sits in a prime, high-traffic area, boasting a spacious layout with multiple rooms and a large training center ideal for luxury wedding venue, upscale beauty spa, or boutique event space.
Its existing infrastructure and location attract premium clients, enabling steady revenue from venue rentals, spa services, and educational workshops.
What is the monthly rates and taxes payable to local authority?
R 3200
What is the total staff complement?
not applicable
When does the current lease end?
No lease applicable
What is the square meters of the business?
Size of the property: 1 Hectare
Main house : 260 squares
Training Centre and Warehouse : 240 squares
Flatlet : 80 squares
Office : 170 squares
Spa : 120 squares
What are the main assets of the business?
The main asset is the property and buildings being sold
Are they presently insured?
Yes
Strengths?
Prime location, existing spa infrastructure, versatile layout for events or beauty services.
Weaknesses?
None identified
Opportunities?
Great location to continue with a spa and beauty related industry.
Growing demand for boutique wedding venues and wellness centers, can hose multiple revenue streams ( events, spa, training).
Threats?
Economic downturns affecting discretionary spending.
What is the reason for the sale?
Relocation
Why is this property a good investment?
This propertyâs a solid investment because itâs in a prime location with high foot traffic, already built out as a beauty spa and training center, so you can hit the ground running with multiple income streamsâwedding venue, spa services, or even workshops. Its versatility means you can pivot based on market demand, and with some upgrades, it could become a goâto spot for luxury events or wellness experiences, boosting its value and rental potential.
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Annual Turnover Amount between R 500 thousand and R 6 million