Other for auction in Somerset East

R4,500,000
  1. Web Ref: 1159249
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Property Features

ERF Size 589 m²
Building Size 126m²

POPULAR RESTAURANT TO BE SOLD AS A GOING CONCERN

Going on Auction: Wednesday 27 July 2022
Reserve Price: R4 500 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

A new investment and lifestyle opportunity in the Karoo awaits the new owners with a solid monthly income. The sale will include:
1. Viable and well-run pub & grill (The best in town). Premises are in excellent condition – no refurbishment necessary.
2. Rental income from leased premises on property as well as office space available.
3. Lodging available on property as well as accommodation space for staff etc.
4. Prime Location and visibility in the heart of the CBD – all valid liquor and trading licenses in place. Trading since 2009.


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. The Seller reserves the right to consider all offers.

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*based on purchase price at Prime over 20 years

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