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POA

Farm On Auction in Mthatha Rural

347 Golf Course Dr, Port St Johns, 5120, Mthatha Rural, Mthatha

13 062 m²
- m²: 13 062 m²
- Hectares: 1.306 ha
- Acres: 3.228 acres

AUCTION

Contact Agent

Wesley Cowan

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Auction: Hole-in-the-Wall Hotel

Located in an iconic eastern Cape beachfront location, this rare property offers a unique opportunity to acquire a thriving business in one of the region's most sought-after destinations. The property features an 11-key hotel set right on the water's edge, an 11 room backpackers and 10 individual chalets available for sale separately or as a group. With a fully staffed hotel and backpackers accommodation, operating costs remain low, ensuring strong profitability. Guests of chalets and backpackers enjoy direct access to resort amenities, including a pool, restaurant, bar, spa, kids play area and shop.

In addition to the established hotel and backpackers business, this property also includes 8,355m² of additional land, offering significant potential for further development. Whether you choose to expand the existing facilities or build new ventures, this land offers endless possibilities. The sale includes only the hotel and backpacker business. With a prime location, low operational expenses, and room for growth, this property is an ideal investment for those seeking a profitable, scalable hospitality business.

Please Note: This sale involves the transfer of shares in a Shareblock with a right of use over the connected property. The sale is structured as a Shareblock, where ownership involves shares in the company that leases the property, along with the associated right of use over the property. The lease is in place until 2084. Please note that the business operation (hotel & backpackers) is included in the sale of the Hotel itself and that the lease will be transferred to the Shareblock on payment of the full price at the time of transfer of the property

Registered Division: Mqanduli Road

Erf Number: Farm 33 "Lot Hotel" Portion 0

Erf Size: 13,062m²

Total GLA: 3,196m²

VAT Registered: Yes

Municipal Information:

Municipality: King Sabata Dalindyebo Local Municipality

Monthly Rates: ± R17,157

Leasehold Agreement Information:

Leasehold: G312/1983

Lease Expiry: 2084