Commercial - Hotel for Sale in Fordsburg

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Thursday 28 August 2025 @ 14:30 Registration is essential by Monday 25 August 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Unique Investment Opportunity To Secure Commercial RS Property & Four Stars Rated Hotel & Spa Plus Restaurant. About 5000m² of floor area spread over 4 floors and basement split as: • Basement parking for 12 vehicles • Ground floors – 4 Retail shops,2 offices and abolition facilities • First ,second and third floors – Four Stars Rated - LILIAN LOFTS HOTEL & SPA AND CASA PIQUANTE RESTAURANT: • HOTEL has 38 Hotel suites/Apartments – Each with bedroom/s, lounge , kitchenette and bathroom divided into: • 3 x Twin double apartments /suites • 12 x Twin luxury apartments/suites • 7 x Loft apartments /suites • 16 x 2 -1/2 bedroom apartments/suites • Reception, conference, spa, restaurant, lounge facilities • Four floor- storage and possible suites can be added NB: Contracts In place with ANC, Sassa & a few universities Total combined net income from property, at 70% occupancy hotel & restaurant is ±R635,000 pm or ±R7,624,304 pa yielding you over 11% net ROI and over 14% if fully occupied. NDA to be signed for more financial information. Pre-Auction Offers excl. Claremart fee will be considered. Sold as a going concern so transaction can be zero rated vat. DETAILS: • Erf no: 1023, Fordsburg • Erf size: 1486m² • Zoning: Industrial 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.