1200 m² Hotel in Vaal Marina

EIGHTEEN-BEDROOM GUEST HOUSE

Going on Auction: Wednesday 22 May 2024

Reserve Price: R8 000 000.00. (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)

The property is zoned as a business and commercial property. It used to be a Boutique Hotel with eighteen rooms all en-suite, reception area, kitchen, very large dining area, lounge, bar, conference facilities, large hall for weddings and functions with restroom facilities. Security post, a long driveway and lots of secure parking. The bar area opens up to a very large balcony with magnificent views of the Vaal Dam. Assets are available with the purchase and an inventory list is available upon request.

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 propertys 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.