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Retirement Care Homes for Sale (Hibberdene, KwaZulu - Natal, South Africa) Asking Price:$Available on request

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Retirement Care Homes for Sale

Revenue $Available on request, Cash Flow $Available on request, Established

Retirement Village / Holiday Resort consist of the following: 4.98 ha ( 49800 sqm ) land in Hibberdene. Only 3 ha utilized at the moment. 
Rezoned to Retirement Village in 2010. People of of ages may purchase Cabins on the property. Rezoned to Retirement Village status to have all the rights and facilities. 
There are 38 Privately owned Log Cabins on Leasehold ( lifetime rights ) Owners of the Cabins pay a monthly Lease 
There are 2 Semi - frail Care centers consisting of 8 people per center. 
A main house consisting of 5 bedrooms 4 bathrooms a Thatch Lapa & splash pool. Carports x 5, a garage and a workshop. The main house could easily be converted into a Guest House or Space for another semi - frail care felicity for about 12 people. 
Care centers for elderly people could generate a very good monthly income. Monthly rates of up to R 8750 pm is possible on the Coast. Profit margins could be calculated at about 35 - 40% 
Swimming pool and many more. 
The Resort has a very good sustainable income every month from all the monthly Lease Payments and Care centers 
Very low running cost. (Very good passive income) 
Lots & Lots of room for expansions 
Permission was granted by UGU Municipality & Department of Environmental Affairs to build 17 more Cabins and a bigger Care center that could house up to 80 people elderly people. 
All the Cabins were built by me and my team of builders. However, We are available and will assist in further developments of the Resort. 

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Yes when needed

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Business Location details

Hibberdene, KwaZulu - Natal

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