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Additional Documents

Floor plans Ground Floor - 6.4 Mbytes

Floor plans First Floor - 6.4 Mbytes

Bidder Reg Form - 216.1 Kbytes

Auction Sale Agreement - 331.4 Kbytes

Title Deed - 1.4 Mbytes

Auction Pack PDF - 3.7 Mbytes

R 19 900 000 (1 188 059 EUR*)

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Auction Information
Thu, 09 Jun
11:00
1
546 16th Road, Randjespark

CASH GENERATING 49 SUITE HOTEL WITH RESTAURANT, BAR AND SWIMMING POOL GOING UNDER THE HAMMER

49
52
50
± 1159 m2
± 2160m2
R 9833  / m
R 56280  / m

Property Features
Access Gate
Balcony
Built In Cupboards
Clubhouse
Deck
Dining Room
Electric Fencing
Entrance Hall
Garden
Pool
Security Complex

CASH GENERATING 49 SUITE HOTEL WITH RESTAURANT, BAR, LIQUOR LICENSE AND SWIMMING POOL GOING UNDER THE HAMMER

IN SPITE OF COVID DISRUPTIONS ... R1,285,111 IN GROSS BOOKINGS FOR THE FIRST 100 DAYS OF 2022. MONTHLY BOOKINGS HAS TOPPED R1,200,000 OR ±R13,500,000 PER ANNUM

Why not acquire your very own fully operational hotel.... that's how Trump got started. Constantia Hotel, in Randjespark, Midrand, is an established 3 star hotel in a prime location with high demand from business and leisure travellers looking for convenient and affordable short to medium term accommodation in a secure and comfortable setting where guests can relax around the swimming pool or have sundowners on the covered deck.

Located just off central New Road and the N1 Highway with easy access to the business centres of Midrand, Centurion, Sandton and even Johannesburg, this Hotel has a lot to offer.

The hotel is located in Constantia Park, which is a secure business estate with a total of 16 different sections, mostly offices and includes a large conference & banqueting centre, which often hosts business functions and is an excellent supply pipeline for the hotel. The detailed auction pack can be downloaded or emailed upon request. The Seller also initiated the process to sectionalise each of the 49 suites so that they can be sold as individual Studio apartments, which would generate in excess of R24million in sales. This is an opportunity not to be missed. Viewing is by appointment and on the two Saturdays prior to the auction date.



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