| INVEST IN AN EXCEPTIONAL 3-STAR HOTEL WITH SIGNIFICANT RETURNS |
Going on Auction: Wednesday 26 February 2025.
Reserve Price: R7 000 000.00. (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)
Welcome to this stunning 3-star hotel in the picturesque Barkly East side of the Drakensberg, offering 21 rooms that can sleep from two to six people per room, a dining room for up to 70 guests that offers breakfast and supper, a fully stocked bar, Lapa and conference facilities as well as a camping site with ablution facilities. Situated on 4.4827Ha land about 40km outside Barkly East and 20km from Elliot. A gambling licence has been applied for and has been approved for this hotel but has not been issued yet. The new owner will have the opportunity to reserve this option. Offered as a running concern except for a list of vehicles that can be bought separately. Financial statements available on request to serious buyers only. The seller is registered for VAT.
FACILITIES:
• Fully functioning bar with liquor licenses.
• Restaurant / dining hall that seats 70 guests offering breakfast and dinner.
• A-la-carte menu available for guests to order from.
• Conference facilities for up to 45 people.
• Lapa entertainment area.
EXTRA FEATURES:
• Vodacom tower on site.
• Wi-Fi internet.
• Starlink services available.
• Physical and camera monitoring by Guardian Security Services.
• 2 Boreholes with pumps and motors supplying a holding dam delivers water security.
• Eskom electricity as well as standby 100KVA generator.
• Gambling license applied and approved for the hotel premises.
• IDC approval for a 50KVA solar energy system.
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.
ERF Size 4.483 ha
Building Size 650m²
Rates R1,571 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Francois Bruyns
c. 076 059 3526
francois.bruyns@rawson.co.za
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