Guest House, Conferencing, Restaurant And Gaming Facility For Sale

Description

Property-Owned Guest House, Conference Centre, Restaurant and Gaming Facility - DurbanThis is an exceptional opportunity to acquire a business together with the properties from which it operates.Recognised as a well-established institution, the business was founded 40 years ago and has remained under the ownership and management of the founding family since inception.The business relocated in 2000 and is strategically positioned along a major busy road. The 2,400 m² three-storey, wheelchair-friendly building, equipped with lifts and ramps, is situated on 5,100 m² of land with ample secure parking. The property also features advanced security and surveillance systems housed in a dedicated facility.The business offers a diverse range of services, including:* 10-room 4-star rated guest house* 100-seater restaurant* 280-delegate conference centre* Pub with gaming facility* Coffee shopThe experienced and capable team delivers the high standard of service for which the business is renowned and is equipped to accommodate a wide variety of functions and events.The owners have decided to sell due to a lifestyle change after many years of successfully operating the business, creating an excellent opportunity for a new owner.Property Valuation:* Professional valuation of the properties alone: R35,000,000Asking Price:* Business and properties: R48,000,000 (excluding VAT and stock)