Property description

Sole Mandate.

Positioned in the upmarket Memorial Road Area of Kimberley, this distinguished heritage residence presents a rare opportunity to acquire an established Guesthouse in one of the city's most prestigious and recognisable locations.

Steeped in character and timeless appeal, the property seamlessly blends historic elegance with the practical requirements of a successful hospitality business. Its exceptional location places guests within easy reach of Kimberley's business district, schools, hospitals, sporting facilities, and many of the city's renowned attractions. Adding to its appeal, the well-known restaurant precinct (Hussar Grill, The Fat Greek, Ocean Basket and Doc's Coffee Shop) is within 50m walking distance, offering guests an excellent selection of dining, entertainment, and business meeting venues without the need to travel by car.

The home showcases the generous proportions and architectural charm synonymous with Kimberley's finest heritage properties, while providing comfortable, well-appointed guest accommodation that has earned a loyal clientele and an excellent reputation over more than two decades. Beautiful period features, inviting communal spaces, and tranquil outdoor areas create a warm and welcoming atmosphere that encourages guests to return time and again.

Whether you are an experienced hospitality operator looking to expand your portfolio or an entrepreneur seeking a lifestyle investment with proven income potential, this property offers an exceptional foundation. The established business, blue-chip location, and enduring appeal combine to create an outstanding opportunity to continue operating as a successful Guesthouse or to further enhance and grow the business.

Properties of this calibre in the Memorial Road Area seldom become available. This is your opportunity to own a piece of Kimberley's rich architectural heritage while investing in a thriving hospitality enterprise, perfectly positioned in one of the city's most desirable accommodation precincts.

The guesthouse business and the property are held in separate legal entities, with the property registered in a trust and the operating business registered in a close corporation. Both entities are VAT registered, and the advertised purchase price excludes VAT. The property and business are offered for sale as a going concern, and the transaction may qualify as a zero-rated VAT supply, subject to SARS approval and compliance with the applicable VAT legislation. Should SARS approve the transaction as zero-rated, no transfer duty will be payable, resulting in a significant cost saving for the purchaser. A detailed transaction structure and comprehensive due diligence documentation are available to qualified buyers upon request.