For Sale   >   South Africa Flag  South Africa   >  Kwazulu-natal  >  Ethekwini Metropolitan Municipality  >  Ethekwini  >  Mpumalanga
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  • R114,650,573
  • (USD 6,000,000)
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  • Business
  • For Sale 
  • Mpumalanga
  • south africa Flag South Africa
Built in the 1880s, this well-known historic hotel, with its busy restaurant and fully licensed bar, is the social hub of the Wakkerstroom district and a favourite weekend and conference venue, with a well-established repeat trade. There are four dining areas (two indoor and two outdoor) to suit all weather conditions and to meet the high demand at weekends, in addition to a coffee lounge. The hotel`s large kitchen is well equipped and capable of meeting all reasonable demands and the hotel has back-up generators. A conference room seat up to 50 people classroom style and 30 at a u-shaped table. Next to the main building, the hotel has a large hall with direct street access. It has not yet been fully exploited but has been used for conferences of up to 100 people and is ideal for weddings and other functions. The hotel has 8 en-suite double bedrooms and a 9th suite with two double bedrooms, its own bathroom and a kitchen. Bathrooms are fully tiled. Each bedroom has a flat screen TV and DSTV, as do one indoor and one outdoor dining area. The hotel has profit-share arrangements with local guest houses to supply accommodation to conference attendees and for functions, when needed, making it possible to host larger functions. There is a small gym for hotel guests. Children can play in indoor and outdoor play areas. There is secure parking, with three garages that could be used to create extra rooms. The staff are loyal and well trained. Separate manager`s accommodation on the premises. This has been a family business since 2003 and has been recently restored. In addition to being profitable, it is a true lifestyle investment.

Price available on request as well as all financials.
Built in the 1880s, this well-known historic hotel, with its busy restaurant and fully licensed bar, is the social hub of the Wakkerstroom district and a favourite weekend and conference venue, with a well-established repeat trade. There are four dining areas (two indoor and two outdoor) to suit all weather conditions and to meet the high demand at...
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