Property features

R12 950 000
Rates R3420 pm
Security Estate

Property Details

Situated in Richards Bay, on the north coast of KwaZulu-Natal. Richards Bay is a booming city, with vast industrial and tourism potential. It is conveniently placed between Durban and the game reserves in northern KZN and has one of the largest harbors in South Africa. This Lodge has been awarded 3 star status by the Tourism Grading Council of South Africa and was also rated as an AA Highly Recommended Guest House and Self Catering Establishment by AA Travel Guides. On entering this property you will notice the attention to detail and the well kept country style interior with sliding wood windows and antique furniture. The Lodge boast 5 self catering cottages and 6 en suite fully air-conditioned rooms, with a living area and spacious dinning room flowing out onto a wooden deck overlooking the manicured gardens with fire place and a private lounge bar. With ample parking for visitors and staff. The property has ample storage space with a well hidden laundry room in the basement. The property is zoned for a hotel and is approved to build 8 levels up. That leaves a lot of potential for expansion. The business and seller is VAT registered therefore VAT will apply to this Sale. Shelters in the shade of mature fig trees, situated within walking distance of the main beach. It provides ideal accommodation for business, leisure and sporting events. Located close to various prestigious hotels, restaurants and shops.