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9 Bed, Bed and Breakfast in Banners Rest

On Auction

9 Beds

8 Baths

Can I afford this?

Auction Details

Auction venue:	Rawson Properties Head Office, 222 Main Road, Rondebosch
Auction date:	22-May-24 from 12:00 to 14:00

Floor Area 750 m² Land Area 1.2 ha Rates R 1796

Self-catering accommodation.

Going on Auction: Wednesday 22 May 2024

Reserve Price: R5 500 000.00. (All offers will be reviewed)

Expected opening bid: R5 000 000.00

Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Self-catering accommodation which consists of five cabanas and a separate three-bedroom house.

A DEVELOPERS DREAM OR TAKE OVER THIS EXISTING SELF -CATERING ACCOMMODATION BUSINESS AND EARN INCOME IMMEDIATELY.

Beautiful nine-bedroom, eight-bathroom self-catering business in a prime location. Boasting five tastefully individual cabanas, each one tastefully decorated and well equipped for immediate income. This property provides ample space to accommodate large groups, families, or individual travellers comfortably. Each unit is equipped with a fully functional kitchen. There is a lovely entertainment area with a large sparkling pool. A dry bar and a pool table is available at the pool deck, enjoy a cocktail while watching the sun sets in the afternoon. There are two braai areas here and there are two braai areas situated below the pool deck at the fire pit in the lower garden.

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.