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TENDER

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R1,425 Excl. VAT

TENDER - BURGERSDORP: Historic hotel with great further commercial potential

The definite age of this historic commercial property is uncertain, but it is estimated to be between 120 and 130 years old - maybe even older. The building was used by the British as living quarters during the Anglo-Boer War, and has been a lodge/hotel for years already.

The hotel can accommodate 46 people with 15 upgraded and renovated en-suite rooms, and 9 separate bedrooms without bathrooms for guests situated in the hallway. There is a very neat 1 bedroom self-cater unit, and a 2 bedroom flatlet on the property. The hotel also has a self-catering unit (sleeps 6 people), and a 3 bedroom flatlet with 2 bathrooms, currently used for management's accommodation.

There is a reception area, 1 lounge area, 1 laundry room in the hotel, 1 large conference hall, 1 large bar, among many other available in the hotel, 6 storerooms, and 7 shaded parking area for guests. The hotel has 3 small shopping outlets allocated and available for guests' easy and convenient shopping (2 of these outlets are already rented out, providing an additional income of R4500.00 per month).

For guests who prefer a pure and traditional dining experience, there is a small diner situated on the premises. The hotel further offers another a la carte restaurant, and a kitchen. As assets, the kitchen features 1 walk-in freezer, 1 walk-in deep freezer, 2 deepfreezes, 1 combination deepfreeze, 2 large storerooms attached to the kitchen.

The hotel has an already signed contract with an established company, furnishing it with 5 computers, 15 telephones (situated in the en-suite rooms), and 12 cameras for an already determined monthly cost.

Water, electricity, and rates and taxes amount to an average of R15 000.00 per month.

Management are able and available to stay on for 3 months, if requested, for training of new staff etc. Current staff can be kept when buying hotel with negotiation to salaries.

This is a unique opportunity to own an economically viable commercial property in the heart of the beautiful and serene Karoo for a fraction of the price that this kind of property would sell for in the city.

The property if offered to the market by way of a tender process, commencing with a marketing and advertising period from 25 October 2018 and closing on 31 December 2018.

Features

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Title:
Freehold
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
2,478m²
Land Size
2,478m²

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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

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Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
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Vat 15%
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