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R79,000,000

10,800m² Hotel For Sale in Shelley Point

An unique opportunity came on to the market. A 4 star style boutique hotel nestled in the Shelley Point Golf estate is up for sale. It is currently on the market for R79mil, which is less than a third of the insured replacement value of approx. R250mil. A brilliant buy for the successful buyer.
Shelley Point Golf estate is situated on the tranquil West Coast of the Western Cape Province, South Africa and is an hour and a half's drive from Cape Town and the Cape Town International Airport along the R27 (better known as the "West Coast Road"). The estate has a Mauritius/Maldives appeal with 500+ palm trees lining the roads meandering through the estate as well as on the 9 hole golf course and around the hotel itself
The estate offers natural wild life including "duiker" buck, tortoises, rabbits and bird life including guinea fowl, hawks, pheasants and sea gulls to mention a few. Schools of dolphin and southern right hump back whales frequent the waves and bay just off the white beaches that surrounds the estate.
24 hr top notch security ensures the safety of the residents, with access control and roaming guards
To enhance the leisure experience for the residents and hotel occupants, the estate offers a 9 hole golf course, 2 tennis courts and 3 bowling greens. Also, the hotel offers a fully equipped gym facility. For the avid joggers or cyclists various routes are available in the estate, on the golf course or opting for a most enjoyable run or walk on the 3 white beaches that surrounds the estate.
The hotel, that had a 4 star rating prior to closing, comprises of 3 sections;
THE MAIN HOTEL : the building accommodates a health & beauty spa, various conference facilities and a restaurant including a bar facility, pizza oven and fully equipped kitchen. Furthermore, a beautiful blue over flowing swimming pool surrounded with lots of tables and chairs, couches and deck chairs ensure quality leisure time spent with friends and family, sipping cocktails whilst enjoying spectacular sunsets or rejuvenating the soul and mind, reading a book or basking in the sun. A second beach type swimming pool with its own bar area is within a 2 minute's walk from the main swimming area. The new owners might consider to enclosed this pool under roof and convert it into a hot pool for the colder winter days. Or a super tube (water worm) could be erected here so that the children (and their parents) can enjoy it with hearts content. It will also ensure a more quiet and tranquil experience at the main pool area and ensures more recreational activities for the young at heart. 3 conference facilities of different sizes ensure that corporate meetings can be facilitated, where business decisions can be discussed and made. Other options would be that the new owners can convert these areas into recreational areas for the kids. It has been expressed that this hotel should rather be a leisure hotel and move away from the corporate appeal. Another option, if agreed or viable, would be to obtain a gambling licence and establish it as a gambling facility. The latter is NOT assured but can be an option to ensure high occupation percentages, especially during the weeks. Additional to the above mentioned, the golf club house forms part of the main building and is rented out to the golf club. This facility can easily be converted into a cafe/convenient store which can be rented out and an income generated. This facility can offer a well needed service to the hotel guests and the residents of the estate in general, selling essential items like cooldrinks, chips, breads and rolls, braai wood, meat, etc. The nearest shop, where similar items can be purchased, is +-5km from the estate. A facility within the main hotel can be converted into a curio shop and there are other facilities which can accommodate a hair dressing saloon. All these facilities can also generate an additional income through a basic rental income PLUS a percentage on turn over. The main building and surrounding facilities including the golf club house and the parking area is 6367sqm.

THE SLEEPING ACCOMMODATION : This portion of the hotel is 5482sqm and is split into 2 sections, an A block and a B block. Both blocks consist of single level units on the ground floor and duplex units on the first floor. The single level units comprise of a small kitchenette, a combined open plan lounge area (with a couch, that can expand to another bed, a television and television cabinet) and a bedroom (with a queen size bed with bedside cupboards). A bathroom, with a bath, shower, toilet and double wash basin, leads from the bedroom cum lounge area. In terms of the duplex units, the entrance level (the first floor of the development) facilitates the lounge area (with a flat screen television) and a kitchenette. Once again the couch can extend into a bed. An internal staircase leads to the second floor of the duplex (the second floor above ground level). On this level there is a private bedroom with a queen size bed and its own television set. The separate bathroom also consists of a bath, shower, toilet and double his and hers wash basin. All fixtures are from top quality. All the units have air conditioning units. The units range from 57 to 68sqm. Block B has already been subdivided on sectional title plan, which makes it easy for the new buyer to sell them off if so required. The current owner contemplates doing the same with Block A. In total there are 38 single level units, 48 duplex units and 2 villas.
ADDITIONAL : This hotel will be sold "lock, stock and barrel". All the bedding, furniture, cutlery, crockery, kitchen ovens, tools, pot and pans, fridges, freezers, etc are sold with the hotel and is included in the sale price. Lastly, after signing a consultancy agreement, if so required, the previous General Manager, is prepared to assist the new owner with advice and assistance, setting up and establishing this stunning boutique hotel to its maximum potential.
This jewel is the heartbeat of the West Coast and the surrounding community. It MUST open its door for business again. The selling price is far below the actual value. Contact me so that I can set up a meeting with all the role players and facilitate this once in a life time opportunity to own this beautiful boutique hotel.

Features

0
95
Title:
Freehold
Zoning:
Commercial
Exterior
Security
No
Carports / Parkings
95
Sizes
Floor Size
10,800m²
Land Size
13,500m²
 
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