Exquisite guest lodge/conference centre/wedding venue/spa on the Vaal River in Gauteng.

Exquisite guest lodge/conference centre/wedding venue/spa on the Vaal River in Gauteng.

Introduction:

• This centre which has a 3-star grading, has been the bastion in the area for many years, and many weddings/functions/memorable occasions have been successfully completed here.
• The centre is situated on one of the best views of the Vaal River, where the water is always on a constant level.
• The spa is situated on the premises next door with access from this centre.
• The 2 properties are 2 ha and 2,6ha in extent.
• The zoning on the properties is in line with the activities and a consent use was also approved by the local council.
• The main centre comprises of 2380 sq meters, including 20 rooms (single/double/honeymoon suite and presidential suite), 2 conference venues taking up to 50 persons/delegates.
• Both the venues have been well maintained and fully operational.

Financials for year ending Feb 2024:

• Turnover R5,9 million
• COS R3,8 million
• GP R3,8 million
• NP (EBITDA) R1,25- this includes rental the owners pay themselves plus director’s remuneration.

Selling Price:

• R26 million for both properties (neg.)