Description
This property was valued by FNB at R17 500 000. The conference Centre and Restaurant have a 5 year lease from 1 Sep 2024, which brings in an income of R200 000/ month. A fabulous country-style property, located in the heart of the busy North Riding area.
You will have: 2 fully equipped conference buildings with facilities for 8 - 300 delegates
3 Office spaces
2 Outbuildings with tenants bringing in an income of R75 000
40 000sqm of land with about 1500sqm under roof
Municipal consent conferencing business and restaurant with a license (to be renewed after
transfer) - under lease for 5 years from 1 Sep 2024
Garden-style coffee shop and Pizzeria
Dam and stream
Main house with 3 bedrooms, swimming pool, Entertainment room with Pool table and Anthracite heater, study, combined
lounge-dining room, bar area. All rooms have security and open to the gardens and entertainment area
Outside cottage with bedroom, shower room, and separate lounge/kitchenette.
Large workshop, Carports, 3 garages
76 solar panels
1 x 25 KVA Generator
3 boreholes and 60 000 litre water tanks with water tanks and booster pumps
3 pumps to drain water out of the river
secure parking for 200 cars
Alarms, cameras, and CCTV
3
40468.6m2
