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R13,500,000

Midlands Boutique Hotel

An unbelievable opportunity has come up, for a suitably qualified buyer to purchase not only a piece of history, but a magnificent investment as well. This property was originally built as a manor house in 1892. Since then, it has seen use as a Boer Commando barracks, a girls' boarding school, and most recently a boutique hotel.

The property is located mere minutes from the Hidcote turnoff (exit 152 off the N3) on the R103, and is a little over 10 hectares in extent. The original manor home now serves as a hotel, with 10 rooms upstairs, a honeymoon suite downstairs, and eight pet-friendly garden suites separate to the main building. Whilst maintaining its characteristic charm and appeal, the hotel offers modern touches, such as double-glazed windows imported from Switzerland, Wi-Fi in every room, and electric blankets to take the chill off the Midlands winters. There is also a conference facility, a dining room, a fully-fitted kitchen, two lounges, and a private bar area.

Outside, there is a backup water tank of 10 000 litres, a solar geyser which supplies the entire property, a large swimming pool and additional koi pond, and even a quaint chapel which can seat up to seventy guests. As an added bonus there are a six flatlets for staff accommodation, meaning that your staff will always be on site and well looked after. Walking in the grounds of the estate is an experience in itself, as some of the trees on the property are over one hundred and twenty years old!

Everything seen in the photos is included in the sale, and a full inventory list (estimated value of over R1.5 million) will be made available to suitably qualified purchasers. This includes all furniture, linen, kitchenware, a golf cart, a ride-on lawnmower, and everything else required to operate the hotel. The property is owned in a company and operated by a different company, which holds the liquor license, and as such both companies could be included in the purchase. As a hotel, there is excellent trade to be had as the Midlands is a popular destination and this is an ideal location; with a bit of focussed marketing this will be a really busy destination. However this could also be a stately and elegant gentleman's estate, an exceptionally impressive family home, and may possibly lend itself to other options such as a rehab facility.

The motivated sellers have indicated that the property must sell before the end of September.

Features

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0
Title:
Freehold
Zoning:
Agricultural
Exterior
Security
No
Sizes
Floor Size
10,412m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Jawitz Properties website is accurate and up to date, Jawitz Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

178,403.49

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