Country Restaurant With Entertainment And Venue For Sale

Description

Business type: entertainment, hospitality and property investment

Location: West Rand

Current status: established operating venue

Hospitality and entertainment facilities

• Restaurant
• Bar
• Separate entertainment areas
• Wedding facilities
• Conference facilities
• On-site accommodation

Property 1

Land size: approximately 2.44 hectares

Restaurant: included

Bar: included

Conference venue: included

Wedding venue: included

Bridal suite: 1

Double guest rooms: 8

Property 2

Land size: approximately 1.06 hectares

Main residence: approximately 550m²

Farmstead: included

Warehouse: included

Warehouse mezzanine area: approximately 1,600m²

Lettable units: 9

Rental income: existing

Property 3

Land size: approximately 2.57 hectares

Current use: overflow parking

Development land: available

Separate sale: possible

Transaction details

Asking price for Properties 1 and 2: R13,000,000

Asking price for Property 3: R3,000,000

Expansion options

• Additional hospitality facilities
• Additional entertainment facilities
• Property development
• Additional rental income
• Development of vacant land