Great Investment opportunity

R 15,000,000

1 month ago98 views
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General Details
For Sale By:Agency
Size (sqm):3500
This property was the original Victoria Hotel and has changed ownership a few times in the last 30 years. Now known as The Lodge, the property is being run as a hotel and guest house / semi - permanent residence. With 36 en suite bedrooms, several reception rooms, offices, conference rooms, entertainment areas, both an indoor and an outdoor swimming pool, a spa facility consisting of 8 treatment rooms, steam showers, jet bath and saunas, this property has it all. There are lovely views from the hotel and it is well situated being close to the beach and town.
As an optional extra, there are also 4 other properties for sale that surround the hotel, the total sale price for the 4 properties is R5 million. Purchasing all 5 properties at R20 million allows the buyer to develop the entire block.
Port Alfred is the heart of the Sunshine Coast, midway between East London and Port Elizabeth. There are gorgeous beaches, an adventure centre offering scuba diving and other adventure activities, shops, malls and a combination private/ state hospital. One of the many attractions to the area is excellent fishing for deep sea, rock and surf and river. There are also fabulous hiking trails and bird watching trails. Bathurst which is home to the world’s biggest pineapple and the oldest licensed pub in the counry, is only 15km out of town. The weather is temperate all year round making it the perfect destination.

Property Reference #: 1528368

Agent Details:
Lilian Neave
Lew Geffen Sothebys International Realty
50 Masonic Street
Port Alfred

Id Subtitle 1091171535
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Lew Geffen Sothebys International Realty
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