This property comprises a fully operational hotel situated on a ±4,549m² site in the established suburb of Glenwood, Durban. The hotel generates a projected Gross Annual Income of approximately R18,879,638 and is sold as a going concern, with the transaction including the land, buildings, operating business, staff, and established operating systems.

Revenue is derived from short-stay accommodation as well as on-site bar and restaurant trading, with no fixed lease income in place, allowing for direct operational upside. The accommodation offering comprises 32 Standard, 4 Deluxe, 6 Luxury, and 9 Executive rooms, enabling a tiered pricing structure across multiple customer segments. The property also includes dedicated spaces for events and private functions, which form part of the current revenue mix. Strategically located in Glenwood, the hotel benefits from direct access to the Durban CBD, Berea, and major arterial routes.

Key Features:

• Fully operational hotel sold as a going concern

• Projected GAI of approximately R18,879,638

• Sale includes land, buildings, operating business, staff, and systems

• Income derived from accommodation, bar, and restaurant trading

• No fixed lease income – operational upside

• Room mix: 32 Standard, 4 Deluxe, 6 Luxury, and 9 Executive rooms

• Event and private function facilities contributing to revenue

• ±941m² GLA on a ±4,549m² site

• Strategic Glenwood location with CBD and arterial access

• VAT Registered: Yes

Located in Glenwood, Durban, the property benefits from strong connectivity to key commercial and residential nodes, supporting sustained hospitality demand.

Auction Terms & Buyer Info:

• Buyer Costs: 16.5% payable on auction day

(10% commission + VAT on commission + 5% deposit toward purchase price)

• Registration Fee: R50,000 (live bidders) | R100,000 (telephonic/online bidders)

All bids constitute a legally binding offer, and the highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer; failure or refusal to sign constitutes a breach and results in forfeiture of the registration deposit. The sale is subject to a reserve price unless otherwise stated. The property is sold voetstoots, as-is, and all bidders must provide valid FICA documentation prior to registration.

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