Exceptional hotel/resort/guest house/conference venue in South Gauteng urgently for sale.

Exceptional hotel/resort/guest house/conference venue in South Gauteng urgently for sale.

 Introduction:

• This 3-star establishment is well known throughout Gauteng as the most popular venue to utilize for conferences/weddings/break aways etc.
• This well maintained venue on 8,6 ha with 16000 sq meters of buildings consists inter alia of 21 en-suite rooms, 8 chalets with bathrooms, 1 large store room, 7 flatlets, 7 conference halls, 3x12m park homes, a double store restaurant, 3 fully fitted kitchens, lapa with fully fitted bar, 1 chapel for weddings, 3 boreholes etc.
• Valuations were obtained regarding the property and the valuations differ between R79 to R80 million for the total business.
• The potential to increase the turnover of the business is immense as the owners are not actively marketing the business as the owners have already relocated to the Western Cape, so by just appointing professional conference organizers (PCO’s) new business can be generated quite easily.

Financials: 

• Full audited financials can be supplied to interested buyers subject thereto that such buyers must supply proof of funding

 Selling Price:

• R25 million including the property/assets etc.