This well-established and iconic entertainment venue on the West Rand offers several opportunities for an entrepreneur in the hospitality industry. It has a restuarant, bar and seperate entertainment, wedding/conference venues and accommodation.
There are two properties that the Seller would like to sell:
- Property 1 measures 2.44 hectares which contains the restaurant bar, and conference/wedding venues and luxurious accommodation for the bridal couple in the bridal suite and their entourage in eight double rooms;
- Property 2 measures 1.06 hectares which consists of the main primary residence (550m²), a farmstead, a large warehouse with a mezzanine floor (1600m²and nine lettable units to that can contribute to the repayment of a bond; and
In addition to the above there is an adjacent property measuring 2.57 hectares which is vacant and used for additional overflow parking. This property can be used to expand the facilities, or the property can be sold to a developer.
The seller is asking R13 million for properties 1 and 2 and R3 million for property 3.
