Property & 4 Stars Hotel, Spa & Restaurant with Great Returns

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 27 August 2025 @ 09:00

Bidding End Time: Thursday 28 August 2025 @ 14:30

Registration is essential by Monday 25 August 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Unique Investment Opportunity to Secure Commercial RS Property & Four Stars Rated Hotel & Spa Plus Restaurant.

About 5000m² of floor area spread over 4 floors and basement split as:

• Basement parking for 12 vehicles
• Ground floors – 4 Retail shops,2 offices and abolition facilities
• First, second and third floors – Four Stars Rated - LILIAN LOFTS HOTEL & SPA AND CASA PIQUANTE

RESTAURANT:

HOTEL has 38 Hotel suites/Apartments – Each with bedroom/s, lounge , kitchenette and bathroom divided into:

• 3 x Twin double apartments /suites
• 12 x Twin luxury apartments/suites
• 7 x Loft apartments /suites
• 16 x 2 -1/2 Bedroom apartments/suites

• Reception, conference, spa, restaurant, lounge facilities
• Four floor- storage and possible suites can be added

NB: Contracts In place with ANC, Sassa & a few universities

Total combined net income from property, at 70% occupancy hotel & restaurant is ±R635,000 per month or ±R7,624,304 per annum yielding you over 11% net ROI and over 14% if fully occupied.

NDA to be signed for more financial information.

Pre-Auction Offers excl. Claremart fee will be considered.

Sold as a going concern so transaction can be zero rated vat.

DETAILS:

• Erf no:  1023, Fordsburg
• Erf size:  1486m²
• Rates:  ±R26,645.90 per month
• Zoning:  Industrial 1

Web Ref:  753571

VAT Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za