Hotel with great potential up for graps...Valued at R200m+

You can easily generate R100m+ from sectional titlled rooms only

Hotel:

-Zoning: hotel, apartments and shops.

-Sectional title scheme units

-Hotel property is 6.5 hectares and total area under roof 6,800 square meters plus 350 square meters new offices adjacent to main building (rent to Nahawu). Further development can be done next to the hotel building and on top of hotel.

-Rooms: 47 Standard, 28 Twin Rooms, Luxury 19 Twin Rooms, 6 Luxury Family Rooms, 6 Executive Garden Suites, 6 Self catering rooms.

-Function rooms: five (Smallest 30 and largest 200 guests).

-Lounge and bar.

-Dining area and atrium 120 seats.

-Terrace 100 seats, service kiosk.

-Pool leisure area.

-Two kitchens.

-SPA 250 square meters.

-Three offices/showroom in lobby. (Bidvest)

-Various store rooms.

-Live Theatre, 250 square meter facility, link to a kitchen.

-Kiddies play room.

-Secure parking for 120 vehicles

-Bore hole.

-The Holiday Club owned 10 units which had been converted in self cartering units which had been aquired by Prop holding company with effect from 1 November 2023 and is the hotel fully owned by the company.

-Operating systems.

-WiFi and CCTV camera system.

-Equipment, furniture and fixtures. (Estimated value in exess of R10 million)

-An agreement with members of Proudly Three Rivers is being dissected whereby the ‘nature reserve’ area will be fenced and populated with plains game. (attraction for hotel guests and team building)

-The hotel will at Level 1 had been re-opened and a new business plan had been implemented. A phased approach will be followed to optimise the summer season on the river. - completed

-A flat and lean personnel and management structure had been introduced. Personnel with proven track records had been re-employed at market related salaries. - completed

-An innovative approach is followed to manipulate costs in line with business growth (pick-up). - completed

-A drive to rent out unoccupied spaces have been introduced, (safety, parking, additional facilities, flexible offerings and attractive pricing) - completed

-Aggressive cross marketing between hotel and Country Club are pursued and is complementary. - Implemented

Vereeniging, Gauteng

R 96,000,000

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