15 Bedroom hotel for auction in Villiers, Frankfort

Fifteen-bedroom hotel with two bars and an onsite liquor store.

Going on Auction: Wednesday 28 August 2024
Reserve Price: R7 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)

This property is a highly profitable and charming hotel in Villiers, South Africa. Its comfortable accommodations and beautiful surroundings attract numerous guests from surrounding areas seeking a venue for conferences, weddings, training, and relaxing retreats. It also includes a liquor store and two bars onsite. Financials are available on request. Sold as a going concern.
The seller is registered for VAT (Transaction can be zero rated if purchased in a VAT entity).

HOTEL DESCRIPTION:
15 Different sized bedrooms en-suite bathrooms.
Reception.
Spacious lounge & dining area.
Two bars have 9 glass doors refrigerators, 3 undercounter refrigerators with two points of sales.
A 312m2 conference room/nightclub/wedding venue with nightclub lights, mirror ball, and dimmer switches.

EXTRA FEATURES:
Onsite liquor store.
All the Bedrooms have Smart TVs and uncapped Wi-Fi with 6 Routers throughout the Hotel and both Bars have TV sets.
An 18kva generator.
A borehole with three filtration units and a 5000-liter storage tank.
40 Solar lights in and around the entire property.
Inventory list on request.

LIQUOR STORE:
9 Refrigerators.
1 Large chest freezer.
2 Point of sale.
Large storage area.

OUTSIDE:
Large pool with a lapa with bathroom facilities.
2 Portable gas braai’s.
Well maintained garden.
Ample secure parking.
8 Carports.

COTTAGE:
Open-plan lounge/dining, kitchen.
2 Bathrooms.
1 Spacious bedroom.

STAFF QUARTERS:
Staff accommodation for males and females can accommodate up to 10 staff members.

SECURITY:
32 High-definition Hikvision surveillance cameras.
Two alarm systems.
Two invertors for alarm systems & cameras (during power outage).

INCOME & EXPENSES:
Available subject to a signed NDA.

INCENTIVE:
Trading Stock (liquor) available at Cost from suppliers.
As part of the deal, there is an opportunity to lease a liquor store with two points of sale in the township at a cost, equivalent to three months' turnover for FY2023/24. The assets installed are: 8 Glass-Door Fridges supplied by liquor suppliers, an inverter, 8 x High-Definition Full-Colour Hikvision Cameras, and an Alarm System installed by the current lessee.


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.