Strategic Investment Opportunity in Port Edward
Situated in a premier location of Port Edward, adjacent to the beach and central business district, this distinguished hotel complex stands as a landmark property with a view of the renowned Splash Rock.
The complex includes a licensed bottle store secured with a five-year lease, generating R17,500 per month with an annual escalation of 6%. Additionally, the property features ‘Bootleggerz', a well-frequented bar and gaming area equipped with five slot machines, currently yielding approximately R40,000 per month. Under a Level A BEE arrangement, and with potential for a Level B upgrade, the gaming facility has the capacity to expand up to 50 slot machines.
The hotel offers a bar, a restaurant, and 15 well-appointed rooms, with rates ranging from R650 to R750 per night, contributing to the revenue stream, details of which are available from the management. The property also encompasses staff accommodations, a conference venue and ample parking space, enhancing its value proposition.
This commercial asset presents a significant opportunity for enhancement and, with strategic investment, can become an invaluable component of Port Edward's burgeoning growth.
For those interested in a unique investment that promises both value and potential, further details are available upon request. Seize the chance to invest in a property that is poised for success in the thriving coastal town of Port Edward.