43 VAN DER MERWE STR, HILLBROW, JHB – (HILLBROW INN HOTEL)

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26 AUGUST 2020 / 11:00AM

ONLINE LIVE ZOOM AUCTION

43 VAN DER MERWE STR, HILLBROW, JHB – (HILLBROW INN HOTEL)

 

Locality

The subject property is centrally located within the business node of Hillbrow and is in close
proximity to Gautrain Johannesburg Station, Gautrain Bus Stop, Police Stations, Hospitals,
Tertiary Institutions, Shopping Centres, and other local amenities.

Improvements

The subject 18 Floor Hotel comprises:

Hotel:

  • ± 106 Suites – (Fully Furnished with en-Suite & Kitchen)

Ground Floor:

  • Bars with Pool Tables, Dance Floor & Big Screen Tv’s
  • Gambling Machines
  • Cell Phone Shop
  • Food Outlet

1st Floor:

  • Sports Bar with Pool Tables

2nd Floor:

  • Bar with Pool Table
  • Kitchen

Additional Features:

  • Total of 25 Gambling Machines (Can apply for 40 additional Machines)
  • Fully Licenced: Liquor and Gambling Machines
  • CCTV Security
  • ATM
  • Generator
  • Borehole Water
  • Secure Parking

Expenses
Monthly Rates: ± R 22 916.00 (Estimated)

Value Added TAX
The Seller is a VAT vendor. VAT applies over and above the Purchase Price.

Private Property Link

Property 24 Link

Auction Number :

43 VAN DER MERWE STR, HILLBROW, JHB - (HILLBROW INN HOTEL)

Auction Type :

Online - Live Auction (Zoom)

Registration Deposit :

R50000

Auction Date :

26 August 2020

Auction Time :

11:00

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