Hotel for auction in Worcester Central
Web Ref: 1077590
Protea Hotel by Marriot in Worcester Cumberland, Boland
Going on Auction: Wednesday 25 November 2020
Reserve Price: R32 000 000.00 (All offers will be reviewed)
Expected opening bid: R28 000 000.00
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
This newly renovated 55 room hotel includes standard and deluxe Rooms, 4 family suites, 6 studio rooms, and a Presidential Suite. The “De Breede” Restaurant seats up to 200 people. There is a cocktail bar and a public bar.
The Hotel’s five conference rooms, with state-of-the-art equipment and facilities, seats from 40 to 350 delegates.
Ideal for weddings, events, seminars, training, banquets, and dinner parties. Including a leisure centre with a fully equipped gym, pool, indoor squash court, sauna, and jacuzzi. The hotel has a large garden area ideal for weddings. Off street secure parking. The sale includes the hotel with all its content and the adjoining liquor store. All will be sold as a going concern.
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
Our goal is to sell your property at the right price and in the shortest possible time.