.JPG "Exquisite Properties")
Porterville, Western Cape, South Africa
Agent: Cliff Jacobs - Managing Principal Estate Agent & CEO (Nat.Dpl.Hotel Man (UJ). M.P.R.E.)
Agent Cellphone: +27 (0) 84 413 1071 / +27 (0) 61 716 6951
Agent Office Number: +27 (0) 21 554 0283
Agent Email Address: cliff@exquisitehotelconsultants.com
Type: Heritage Boutique Hotel
Bedrooms: 7
Bathrooms: 7
Showers: 7
Parking: 10
Yield: Not Disclosed
TGCSA Rating:
Porterville, Western Cape, South Africa
Porterville is a town in the Western Cape province of South Africa.
The town is located at the foot of the Olifants River Mountains, 27 km south-east of Piketberg and 155 km north-east of Cape Town. It is situated 140 km north of Cape Town on R44 road at the base of the Olifants River mountains. The Dasklip Pass to the surrounding Groot Winterhoek mountains is located 14 km outside of the town. The Soom Shale, a notable deposit of Late Ordovician era fossils, is located near the town. Agriculture in the area is dominated by wheat production. The closest towns are Piketberg to the west, Saron to the south, and Eendekuil and Citrusdal to the north.
History
Prior to European settlement the area was inhabited by Khoekhoen nomadic pastoralists. The town was laid out in 1863 on Pomona's farm, previously owned by Willems Vallei. The town was established in 1863 and named after William Porter, who served as Attorney General of the Cape Colony from 1839 to 1866, and became a municipality in 1903.
Demographics
According to the 2011 census, Porterville has a population of 7,057 people divided into 1,949 households. The census identifies residents' first languages as 96.0% Afrikaans, 1.9% English and 2.1% other. Within the population, 76.4% of residents identified themselves as "Coloured", 21.0% as "White" and 1.6% as "Black African". Porterville has an area of about 7.98 square km, with a density of 884.3 per square km. Minor area differences exist between figures extracted from the 2001 and 2011 censuses.
About this hospitality property and business (from the owner"s perspective and the actual zoning and other relevant facts)
Our Hotel is situated in the heart of Porterville town on the R44 between the N7 and Gouda, and just 125 km from Cape Town.
The business consists of the hotel with seven en suite letting rooms, a busy restaurant and Hotel bar, three letting shops/retail units, conference facility/function room, American style diner and casino (slots).
With ongoing refurbishment, the owners have been bringing the hotel back to the standards such a boutique hotel should aspire to.
For guests to enjoy there are gardens, a large outdoor braai area and large outdoor swimming pool.
A brand new water cooling system for the guest rooms brings an efficient and cost effective solution to the warm summer weather.
Although highly profitable through current trade and lets this business offers enormous potential from continued growth especially the development of a large external area currently not in use which has old outbuildings. The business has a resort licence and this area can be built on without planning.
The business must be viewed to be appreciated. Don't let this one slip through your fingers.
Guided Price: R8.5 Million (all offers will be reviewed) (buildings & Land value R5.5m (valuation attached) + R2 Million business + R1 Million fixtures, fittings and stock) .
The business is run via two CC’s and purchasers would be buying the members interest and therefore there is no VAT on the sales price.
Our Equipment & Operating Income
All income and expenses documents available on request.
Liquor Licences (on sales), Municipality Trade Licence, gambling machines (all certificates available on request).
Cliff Jacobs (Nat Dpl Hotel Man (UJ). MPRE. GA Level 5 TEFL) Managing Principal / CEO Exquisite Hotel Consultants (Pty) Ltd Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951 Landline: +27 (0) 21 554 0283 Email: cliff@exquisitehotelconsultants.com Web: https://www.exquisitehotelconsultants.com C/o Sybelstrasse 69 10629 Berlin GERMANY Terms and Conditions apply Scroll down to view our Hospitality Properties and Businesses for sale or lease or lease-to-buy or partnership arrangement or management agreement arrangement
