2 550 m² Commercial space in Dullstroom

Excellent business opportunity to invest in a recently renovated and well established boutique hotel, in well known fly-fishing village of Dullstroom. The layout of the land and the nature of being a country hotel dictated that there are several stand alone structures of similar design. The hotel offers 50 beds plus a further 12 fold down couches in various rooms, offering suites suitable for families. The main reception areas, function rooms and utility/storage rooms. The Hotel has a 4 star rating and has excellent reviews.

The hotel has extensive landscaped gardens with water features and paved walkways. There is a small dam with willow trees ad ducks in residence, a swimming pool and a secure perimeter fence.

Location

The hotel is very well located on the eastern side of Naledi Drive, the main road through Dullstroom, which is generally perceived to be the quieter side of town. Most bedrooms have lovely views towards the surrounding farmlands.

Dullstroom is extremely well located, being within an easy two and a half hour drive of Pretoria and Johannesburg and as such attracts an average of 1 500 to 1 700 weekend visitors most weekends. And these figures are not seasonal. There is very little variation in these numbers throughout the year.

The Conference Centre offers another aspect to the appeal of the hotel as a business destination.

Dullstroom also offers an excellent stop over for international visitors and tour groups, being mid way between Oliver Tambo airport and all the tourist attractions in the Lowveld ,- Kruger Park, Pilgrim,''s Rest etc. Approximate Total Hotel Room/ Bed Configuration

The hotel offers 25 rooms/ units in total, that offer a variety of accommodation options from luxury two person suites, a honeymoon suite and family units. The luxury suites are very spacious and have a lounge area and dining area, a closed combustion fireplace, T.Vs, full bathrooms with double vanities and a separate toilet, and have private patios with views towards the surrounding farmlands or gardens. The lower suites have views over the hotel small earth dam. Attention has been given to the comfort of the rooms, privacy and all include a fireplace that is central to expectations in Dullstroom.

10 x Signature King suites

2 x Phoenix units ,- 1 King + double fold down couch, self catering

5 x King (or Twin) rooms, three of which have fold down couches

1 x King room + two x fold down couches

7 x Queen rooms in the Annex

In addition there is a staff house, a staff flat and a drivers room.

Inclusions and Exclusions:

The Highlander will be sold as a going concern, and as such all the furniture, fittings and movables associated with the business will be included in the sale. A comprehensive inventory will be provided with 10 (Ten) days of a Sales Agreement being entered into. The estimated value of such inventory is R 2 million.

Consumables, including the bar stock and the kitchen stock are excluded from the Purchase Price. A value will be attached to same at the time of transfer and payment will be made as a separate transaction.

Property Description:

The Main Building is double storey and includes an entrance foyer leading into the reception area. There is a small office behind the reception desk.

The lounge area includes a double sided fireplace and has a very attractive bar as the focal point.

There are two dining options ,- the more formal evening dining room that is fully carpeted and the upstairs mezzanine area which is used for buffet breakfasts. There is the third outside option where breakfasts and lunches are served when weather permits. The kitchen has direct access to all three areas.

The kitchen area is conveniently divided into various sections ,- a coffee station, the scullery section and a prepping and cooking area.

The Conference Centre has two main business areas, seating up to 40 people in the larger one and 20 in the smaller room. There is a very luxurious lounge and another room that features a bar and fireplace. All these rooms are interleading. There are also toilet facilities. The business areas lead out onto a large verandah with a water feature.

The Haven Spa is also located in this building and comprises a reception area and two treatment rooms.

Attached to the Conference Centre is a double storey building that has the kitchen, with walk in cold room, a laundry and one staff flat and one room for drivers and guides when required. Key Investment Factors

-All the buildings are in excellent condition, and many of the rooms have recently been renovated with new carpets, closed combustion fireplaces in the bedrooms etc.

-The hotel offers many aspects over and above the accommodation. These include an excellent cuisine in the Chapter 1 restaurant, a range of Spa treatments in the Haven Spa, a comprehensive collection of whiskeys in their bar and a very comfortable but practical conference complex for large functions or business gatherings.

-This Hotel has been in existence for the last 17 years and has established an excellent reputation, as is borne out by their reviews, and has established a significant client base both with individuals and businesses, as well as tour groups.

-The different configurations of the various accommodation units appeals to a range of requirements, from the very luxurious Honeymoon suite, to the very comfortable family rooms, the more reasonably priced Queen rooms and therefore a larger target market.

-The standard set in terms of furnishings, finishes and dNLGNLGsh,AAcor has created a very clever balance between luxury but without compromising on the cosy country feel. This is complimented by the timber cottage pane windows, the fireplaces being very much a feature in the reception areas and the bedrooms, and the colour schemes.

General Information

The Hotel is owned within a Pty Ltd and is Vat registered and is zoned as Business 1. A copy of the Land Use scheme can be supplied on request. All building requirements in terms of F.A.R. and Building lines have been conformed with.

The Erf 1 229 is 10 392 sqm.

Rates are estimated to be an amount R 26 000 per month. Additional Features

-On site stand by generator (230VA)

-Swimming pool with water feature

-Small earth dam with gazebo

-Paved walkways between the rooms and all buildings are set within a well established garden that includes water features

-Many storerooms at various locations within the hotel buildings

-Alarm system and fire fighting equipment as per legal requirements

-Parking for 10 vehicles under covered carports at entrance to the hotel

-Perimeter fence is made up of walls and palisade fencing.