Valuable Hotel And Property In Krugersdorp For Sale

Business description

Established in 1939,this beautiful hotel provides a 'home away from home' environment. This goal is evidenced by the warm and friendly service,as well as the grace and charm of the historic hotel. Convenience of a city hotel is offered,coupled with the magnificent natural views of a country house.Overlooking the spacious gardens of the Krugersdorp Town Hall,guests can truly relax,unwind and experience the warmth that is Die Herberg. In a Safe and secure environment.

Die Herberg offers 22 beautifully appointed rooms. Our guests have the option of either a Single room, Standard room, Twin room or a Deluxe room with an outside balcony.

All room have on-suite bathroom facilities with the option of a shower or bath.

The original Oregon wood floors have been restored and retained to compliment the large 'olde worlde' style rooms.
Die Herberg Hotel offers our guests Simplicity, yet exiting gastronomic experiences through our well appointed A la Carte menu available in all outlets and gladly served to your room on request.

Entertainment is a top priority at Die Herberg. For the more travel-weary guests,the quaint Bounty is offered,a cosy nautical-styled bar where one can sip a drink and while away the hours in the relaxing and inviting atmosphere.

If a bit more excitement is required,Dok se Plaaskroeg is just the ticket.Here,one can enjoy a game of pool,cards or dominoes and explore some of the local culture home to Krugersdorp.
Upon arrival, guests always remark on the outstanding cleanliness and the attention to detail, that has become the hallmark of Die Herberg.

Summary Property profile :
Located in a prime position in Mogale City
22 Roomed 3 star Hotel with 3 public venues
15 mini flats - fully let +- R 17 500.00 pm
1 retail shop – Chicken Licken R 20 000pm escalating at 9 % pa , 5 Year Lease
Only Accommodation property of note in town
Long standing Corporate/Government client base

The owner will consider selling the business only and secure a long term lease for qualified operators.

Property information

Real Estate:

Real Property Included

Living accommodation:

Managers Flat and accomodation for 10 Staff

Location:

The hotel is Located on the prime street corner of Krugersdorp overlooking the beautiful gardens of the Mogale City Local municipality with 700 employees overseeing Krugersdorp, Randfontein, Western area, Magaliesburg and Carltonville.
Mogale City is the Capital of the Westrand.
The Hotel is a Landmark in Mogale City with the same owners involved for the past 35 years

Premises details:

100% owned by CC
Located in a prime position in Mogale City
22 Roomed 3 star Hotel with 3 public venues
15 mini flats - fully let +- R 17 500.00 pm
1 retail shop – Chicken Licken R 20 000pm escalating at 9 % pa , 5 Year Lease
Only Accommodation property of note in town
Long standing Corporate/Government client base

Size in square feet:

NA

Other information

Expansion potential:

In all areas , From building new to additions. Krugersdorp as Mogale City expanding rapidly. Please see business plan under the link www.dieherberg.com/info

Planning consent:

NA

Competition / Market:

No Other Hotel of Note in the area, only some small B&B's.

Support & training:

Owner will negotiate hand over and training period.

Reasons for selling:

Owner retired after 35 years due to poor health.

Trading hours:

All Hours.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

To be negotiated. Owner will consider selling the business only to a qualified operator, with a long term lease.

Furniture / Fixtures value:

R1,950,000 (included in the asking price)

Inventory / Stock value:

R65,000 (included in the asking price)

Website:

www.dieherberg.com