Guesthouse on Auction in Panorama

Description

ONLINE AUCTION Bidding Start Time: Wednesday, 30 September 2026 @ 09:00 Bidding End Time: Thursday, 01 October 2026 @ 14:30 Registration is essential by Monday, 28 September 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: The reputable Ramasibi Guesthouse, a well-established 3-star destination, enjoys a proven track record of consistent revenue and strong market presence, making it an attractive proposition for discerning investors. The property offers an exceptional investment opportunity in the heart of Panorama: two distinguished properties set directly across from one another in a prime, high-demand location. Opportunities of this nature are seldom available, combining scale, versatility, and immediate income potential. Investment Potential: This dual-property configuration offers outstanding flexibility—continue operating a successful hospitality business while transforming the second property into medical suites, professional offices, or consulting rooms. A strategic setup designed to maximize rental yield and long-term value growth. Features: • Two erven measuring approximately 997 sqm and 994 sqm • 14 en-suite bedrooms in total (7 per property) • Established, income-generating guesthouse operation • Significant scope for expansion, redevelopment, or repositioning • Excellent visibility and accessibility in a sought-after node • Spacious lounge with built-in bar • Dining and restaurant area suited for events • Large, well-equipped kitchen with dual gas stoves • Separate scullery • Outdoor pizza oven for guest experiences and functions • Poolside boardroom/function venue • 4 office or consulting rooms • Dedicated laundry facility • Guest bathroom servicing the pool area • Separate staff accommodation • Approximately 25 parking bays • Garage facilities • Fibre connectivity • Approved building plans available DETAILS: • Erf no (Extent): 1925, Parow • Erf no (Extent): 1251, Parow • Zoning: Single Residential 1 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers' fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.