Guest House, Conferencing, Restaurant And Gaming Facility For Sale

Description

Primary operation: guest house

Conference centre: operating

Restaurant: operating

Pub: operating

Coffee shop: operating

Location: Durban

Trading history: 40 years

Current ownership: founding family

Current status: established operating hospitality business

Property

Land size: approximately 5,100m²

Building size: approximately 2,400m²

Building levels: 3

Property: included in the sale

Major road position: established

Secure parking: available

Accessibility

Wheelchair access: available

Lifts: installed

Ramps: installed

Guest accommodation

Guest house rating: 4-star

Guest rooms: 10

Restaurant and hospitality

Restaurant seating capacity: 100

Coffee shop: operating

Pub: operating

Conference facilities

Conference capacity: up to 280 delegates

Functions and events: accommodated

Gaming

Gaming facility: operating within the pub

Security

Security systems: installed

Surveillance systems: installed

Dedicated security facility: available

Staff and operations

Experienced team: in place

Event service capability: established

Hospitality operations: established

Property valuation

Professional property valuation: R35,000,000

Transaction details

Asking price for business and properties: R48,000,000

VAT: excluded from the asking price

Stock: excluded from the asking price

Reason for sale

Owner lifestyle change: reason for sale