Filters
LocationSouth Africa, Gauteng

Sector - Accommodation

Asking Price
R16,500,000
Monthly Profit
R 0
Asset Value
R 16,500,000
Stock Value
R 0
Yearly Net Profit
R 0

Summary

The place for style , easy to reach and to relax. This property is available at a much lower price than the sworn valuation of a few years ago. Lots of buildings ready to be utilized for weddings and conferences. Beautiful gardens. Alternative usage to be rezoned for capital growth

Give me more information

Fully describe the business's activities?

The property is developed and zoned for Wedding and Conference venue and Hydro spa .

How does the business operate on a daily basis?

The business is closed and only the property is for sale. The business operated mainly over weekends for Weddings and during the week as booked for Conferences.

What Advertising/Marketing is carried out?

Bridal magazines, Websites, and Facebook was used to advertise.

What competition exists?

There is no substantial competition nearby.

How could the profitability of the business be improved?

The income and profitability will increase when the right market is targeted.
The alternative zoning to utilize to property will increase capital growth and earn more income .

What are the trading hours?

The Venue has no limit on trading hours.

What are the main assets of the business?

Nearly 4 000 square meters of buildings consists of the Main Hall for functions, 13 Rooms for guest, 1 Conference room,
a separate Flat , Kitchens, a Chapel for 200 people , 5 Staff Quarters, a Warehouse/Storeroom and a squash court. Also a swimming pool , sauna and hydro spa. The property size is 5 hectare. The Venue is Zoned for Weddings, Conferences and a spa.T he security is good and the boundary has walls all around the site. Roads paved. Hot house, ect.
There are 3 Boreholes with 4 big water tanks and also smaller steel tanks.

Strengths?

A exquisite and spacious Venue for Weddings , Conferences and Hydro spa to relax in , that is in a good condition.
Also ideally for a tea garden and special functions. Near N 4 Highway access . Thirteen rooms to be utilized as Guest house. The property forms part of the future hub with New Industrial and Residential development in the area. With the right client target market the Venue will flourish.

Weaknesses?

The economy affects the clients spending ability.

Opportunities?

With the right target market the property and Venue can earn lots of income with capital growth.
The property has to potential if Rezoned to be used for alternative applications.

What is the reason for the sale?

The owners wife died a few years ago and he wants to retire.

Location

Contact | Enquire

Jannie

Jannie van Vuuren

LocationSouth Africa, Gauteng

Preferred method of contact

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