R 13 500 000 | Commercial Property for Sale in Hectorspruit

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The Buffalo Hotel in Hectorspruit is a landmark in the Onderberg. It has become a historic reference synonymous with Hectorspruit and is well known throughout the Lowveld. The property has been exponentially developed by the present owners. It often hosts performing artists, weddings, public meetings and training sessions. It is impossible to imagine Hectorspruit without the hotel. There is even more potential for development when one considers the Mjejane X2 town across the N4.
The hotel performs well and is an ideal opportunity for investors. About 300m2 next to the present bar area, are ideal for office space can be leased to generate a fixed, monthly income. The owner of the hotel also owns adjacent land with office related improvements. This can also be included in this transaction. If so, it adds 620m2 improvements to the existing 1985m2; and another 7193m2 land surface to the existing 7931m2. The owner disinvests simply because his other businesses developed rapidly and now demands his attention.
The facility has an unlimited range of applications.
The hotel is known as Buffalo Hotel/Lodge and it is fully licensed. All rooms enjoy air conditioning, a television, coffee and tea facilities and a bar fridge. The dining areas are well fitted and attractive. The site is secured with remote controlled access to the lodge rooms and entertainment areas. The lodge accommodation comprises of an entrance porch, an entrance hall, a reception area, a bar/restaurant with a billiard room, lounge and ablutions. There is also an office, additional ablutions and store rooms. The boardroom, dining area, conference rooms, kitchen (with an office), scullery, laundry, pantries and cold storage are all ideally equipped to handle any hospitality needs seamlessly. The lodge offers 23 en suite bedrooms with covered patios/walkways, a thatched dining lapa with a fitted bar at the poolside and its own ablutions. A newly constructed gym features attached change rooms/ablutions and caters for modern needs. The staff quarters consist of seven rooms and ablutions and a separate store with ablutions. A steel framed double volume structure houses a stage in front of a shaded area adjacent to an outdoor bar and boma.
New improvements include 16 shade ports enclosed by two walls, brick and concrete paving, as well as PC walls. A remote access gate is situated conveniently close to the office.

The property is priced modestly, to enable investors to continue the legacy of the Buffalo. The replacement value exceeds R30 million, and comparable sales, as well as capitalisation, exceed the published requested price.