SOLID INVESTMENT POTENTIAL IN ONE OF THE LANDMARK HOTELS IN VANDERBIJLPARK - PRICE NEGOTIABLE

This is a great opportunity to invest in this true landmark Hotel in Vanderbijlpark.

The property is situated in a very accessible part of town, close to the CBD, schools, shopping and to main access roads, for ingress and egress from town.

The building of this strong, sturdy construction started in the late 1940’s, initially intended as a residence for women.
However, that never materialized and in 1949 this landmark opened as a hotel.
In the 80’s, the hotel underwent an extensive renovation drive and the transformation resulted in a very modern, very expressive accommodation facility, with a great emphasis on comfort and wellbeing of the guests.

Almost all rooms were revamped so, nowadays the hotel boasts 45 neat and comfortable rooms, each with its own, en suite, ablution facility.

The modern and efficient kitchen has enough capacity to serve a full house.

There is a large dining room, modern looking reception, a well-stocked Ladies bar, two conference rooms and several other possibilities for expansion.

One such possibility is the conversion of the hotel into a sizeable student accommodation facility.
A number of alternatives are possible, so the business may be adapted to the present (and certainly future) demand trend for large scale, high standard of temporary accommodation for young people.

This is more so since the location of the hotel is relatively close to the Vaal University of Technology as well as the Northwest University.
Within walking distance to the Vaal Mall shopping centre.

Configuration:
• Ground floor:
Ground floor is mainly the foyer, dining hall, bar and restaurant, offices, two conference rooms and the kitchen
Garden, Social area, Swimming pool, Power Generator, Heat pumps
Ample, secure parking

• Upper floors:
45 rooms in total – single, double and family units, all with air conditioners, flat screen TV and En-Suits

To invest in this rare opportunity, kindly call your Property Practitioner please, as viewing is strictly by appointment only.
Please note that if you are VAT registered and acquire the property as a going concern, the transaction will be "VAT Zero Rated" for SARS purpose.

Manuel Fernandes is a Property Practitioner registered with the PPRA under Real Royal Commercial Properties (Pty) Ltd t/a Century 21 Alberton, registered with the PPRA as a Business Practitioner, who does not operate a trust account.