Quality A-Grade Guesthouse and 4 Office Blocks for sale in Westdene
Four sets of quality office blocks and a guesthouse - ALL ON ONE PROPERTY - for sale in Westdene.
Rental income from the offices generates around R 50,000.00 + pm with the potential for around R 70,000.00 pm should the fourth block also be rented out!
The guesthouse is not actively promoted at the moment, but could easily generate over R 100,000.00 and up to R 200,00.00 if fully utilized.
This is a great investment for the investor who is ready to get this commercial property back to its 100% functionality. The current owner has aged and is no longer able to commit & manage the property to it's full potential.
Three of the office blocks each consists of a reception with 5 offices and a boardroom.
According to Gijsbertus Hoogendoorn's, research paper: Critical perspectives on the (re)development of Westdene, Bloemfontein, during the South African War (1899-1902), the town council of Bloemfontein contemplated plans to develop new neighbourhoods, as residential accommodation was in short supply.
So, in October 1901, the council decided to develop what was then known as the "Western Extensions", later to be...
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