Existing hotel for sale in South Gauteng.

Existing hotel for sale in South Gauteng.

Introduction:

• This hotel has been a beacon in this town for over 40 years and withstood all the challenges of the time (recessions/inflations/politics etc.), and still thriving even after covid.
• It has through the years been used to hold functions/seminars/student accommodation/women accommodation etc.
• The property consists of 8326 sq meters of well- kept gardens.
• The building consists of 2670 sq meters and has been well maintained all the years- it has 4 floors consisting of a ground floor (conference rooms/bar/reception/lounges), and three flours of accommodation with 22 single rooms and 54 double rooms all ensuite- it can thus house 129 students comfortably.
• The hotel can be utilized for various purposes inter alia accommodation for retirement people, a rehab centre, training college, student accommodation etc.
• The income/expenses of the hotel will depend on the utilization of the building but it has been financially viable operational for over 40 years.
• The zoning is Special allowing for the above uses and has ample parking on site with 63 parking bays (covered and open).
• It is very centrally located in the town and all the required facilities (ie. shopping centre/hospitals etc.) are nearby.
• Full information is available to interested buyers.

Selling price:

• R23 million (neg).