Beach House is a thirteen en-suite establishment;
Beach House currently has a signed contract of lease for at least one year for 12 rooms… roughly at R110 000 pm; Room only no breakfasts and only serviced twice weekly…. the staff requirements/costs are also radically decreased so this lease virtually pays for Beach House. So R1,320,000.00 per annum. Costs could be reduced easily to R384000.00 per annum
so net R936,000.00…. pays for a 9 million Bond.
The lease escalates at 7% per year
This lease will inevitably be extended for years to come and will involve many more people because the company’s plans include rapid growth with export to Africa from Dube Trade Port.) we also have other contracts for pilots from Kenya for one year… discuss.
We have 4 buyers waiting for confidence levels in our country to improve and they now also know about this lease. Who knows when they will jump in and buy?