Hotel For Sale in Viljoenskroon

R980,000

Web Ref No CPR37685

Opportunity for development and restoration

This building needs lots of TLC but it is 2 storeys high and strong enough to build a third storey on top for a restaurant or wedding venue with lovely views of the town of Viljoenskroon. It was a very well built hotel around 1950 and has no cracking problems. There were originally 27 rooms with a cupboard and a basin. Some rooms had a bathroom ensuite and otherwise there were communal ablution facilities. There was a large kitchen, coolroom, dining, reception area, and hall. There are also four rooms at the back for storage place.
There are presently five shops being rented out without electricity. The new buyer will need to pay for electrical and water pipe installations. This property is truly for a buyer with vision to improve the building , make it viable again and fulfil a demand for rental property in this area.
Rooms and shops could be rented out for approximately R 1500.00 per person and fulfil a demand for rental property in this area.
Please make an appointment to view.