11 Bedroom hotel for auction in Simons Town Central
Web Ref: 1067848
Dynamic Modern eleven-bedroom hotel picturesque Simon’s town
Going on Auction: Wednesday 23 September 2020 at 12h00 Noon
Reserve Price: R8 500 000.00 (All offers will be reviewed)
Expected opening bid: R7 900 000.00
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
The Willets Hotel is a heritage building which has recently been fully renovated. It has a licenced bar, 45-seater restaurant and separate conference facilities. With beautiful views from the balcony, and its heritage façade, being close to the beachfront, harbour and yacht club, it’s a natural choice for tourists and locals alike.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A "Reserve Price" is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property's market value, nor the amount the property is likely to be sold for on the day of the auction
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
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