- AUCTION
Mthatha, Mthatha
Opening bid: R 7,000,000
Step into our boutique 3-star hotel, where 21 individually designed rooms await. Our intimate setting, paired with exceptional service, creates a unique experience for tourists seeking a personalized touch. Enjoy the best of nature from our conveniently located hotel.
There is a dining room for up to 70 guests that offers breakfast and supper, two fully stocked bars, Lapa and conference facilities as well as a camping site with ablution facilities. Situated on a 4.4827Ha land.
A gambling license has been approved by the gambling board. The new owner will have the opportunity to reserve this option. Offered as a running concern except for a list of vehicles that can be bought separately.
The hotel boasts a staff compliment of 9 permanent workers including a manager, chef, maintenance workers and cleaners that would prefer to stay on after the sale. Financial statements available on request to serious buyers only.
Income R250,000-R350,000
The seller is registered for VAT.
Auction date: 15 April 2025
Time: 12h00
Location: Online
10% Commission payble by the Purchaser; required within 72 days of signed OTP.
Contact me today.