Westlantic Lodge cnr Mykonos Access and Gateway Roads, Langebaan, Western Cape, South Africa

Westlantic Lodge

Westlantic Lodge cnr Mykonos Access and Gateway Roads, Langebaan, South Africa

  • CA$2,642,850
  • 11 BEDS
  • 11 BATHS
  • 32,980.62 sq.ft. Land

Westlantic Lodge

Westlantic Lodge cnr Mykonos Access and Gateway Roads, Langebaan, South Africa

  • CA$2,642,850
  • 11 BEDS
  • 11 BATHS
  • 32,980.62 sq.ft. Land

Key Facts

  • Property ID: SIRC2993808
  • Original Price: ZAR 31,500,000
  • Property Type: Residential, Bed & Breakfast
  • Lot Size: 32,980.62 sq.ft.
  • Bedrooms: 11
  • Bathrooms: 11
  • Parking Spaces: 22

Property Description

Exceptional Investment Opportunity! Located at Mykonos Access Road, this outstanding property features 11 fully functional vacation units, perfect for generating immediate short-term rental income. Its prime location in a bustling street offers unparalleled exposure and foot traffic, making it an attractive opportunity for overseas investors seeking a lucrative return on investment. Very central/prime commercial area adjacent to Laguna Mall. Commercial zoned property of 3000m2, partially developed as 11 freestanding 1-bedroom, 4-sleeper chalets, 6 pitch roof/thatch roof open-plan units & 5 flat roof 1-bedroom, 4-sleeper units. Plus 1 building used as an office. 12 structures in total covering 50% of the property. Apartment blocks have risen around, and another 200 are planned nearby, 200/300 meters away. Currently, a hub for development. Major well-established local resort & casino, Club Mykonos Casino Resort, 500m away, seafront. Built in the 1980s. The whole area is turning into a major semigration region with many developments within a 2/3km radius and further public facilities planned. This is ascertainable with the local Saldanha Bay Municipality. Currently, the property has 2 entrances, set up as a drive-thru self-catering rental complex. Registered for VAT and is registered as a closed corporation. If the CC is bought with the property, no VAT will be due. It was originally bought via the UK in 2004 by a UK resident & SA resident (both UK citizens). The current solo owner is a South African resident seeking retirement. There are many options available commercially, such as redesigning or converting existing units. Could be drive-thru eating, mini office units, etc. Rates are in the region of R12,500 per month. Electricity is variable at ± R11,000 per month, which includes 3-phase power availability for multi-story accommodation development. Two previous plans are available as a potential option. Whether you're looking to capitalise on existing rental income or planning to redevelop the property, this exceptional investment opportunity awaits! Don't miss this exceptional opportunity to invest in a prime commercial property with vast potential for growth and development. Contact us today to schedule a viewing!

Amenities

  • Beach Resort
  • Equestrian
  • Golf
  • Golf Community
  • Guest House(s)
  • Jogging/Bike Path
  • Open Porch
  • Patio
  • University/College
  • Wraparound Deck

Listing Agents

  • Dylan Smit

    C. 27718244332

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Location

Westlantic Lodge cnr Mykonos Access and Gateway Roads, Langebaan, Western Cape, 7357, South Africa

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Marketed By

Lew Geffen Sotheby's International Realty
12 Kiewiet street
West Coast, Western Cape, 7381
South Africa

+27 22 713 2858

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