Hidden Secret! - $780000

Description

This historic guest house Cranbrook Lodge is located on 2.5 acres of Residential 1 land. The opportunities are endless, be it for Bed & Breakfast business, or with the shortage of cheap rental accommodation you could rent the 20 berooms for $120 per week each room, this adds up to $2400 per week or $124,800 per year. What a return this would be. The main building features 20 bedrooms, 4 bathrooms, ensuite, commercial kitchen, 2 two large living area. A second building, the auditorium is of a newer construction and was used as a place of worship this could be converted into the family home or could be converted in a fantastic restaurant or conference facilities, meeting rooms plus views of the valley. The development is of a significant size and has unique potential. The development and buildings are of approx 810 sqm with loads of potential.