Upmarket Hotel situated in Durban, the South Coast holiday mecca of South Africans and tourists.

Amenities and features of the property include:

• 48 En-suite Rooms

• Restaurant

• Conference Room

• Pub

• Laundry

• Lounge

• Roof Garden

Managers and owner accommodation is on site and consists of a large room en-suite with garden. Other staff are accommodated in 5 rooms.

The front part of the Hotel was built in the 1920`s and was extended and renovated in 1995 and 1999 (4 Floors). Very little maintenance is required and both the building and furnishings are in impeccable condition having had one owner for 17 years. The owner is now involved in other ventures and has decided to sell.

Room Revenue last 3 years: $13,000 US to $19,000 US per month
Forecasts with advertising: $23,000.00 US per month
Running costs per month: $4,500 US
Staff in partnership: ( If turnover above $11,500 US per month they share from 1% to 5% )

Company owned - No VAT payable. Half or quarter partnership will be considered.

Please remember that the exchange rate was in 1979 R1.00 = US$1.20. The SAR value decreased to US$1 = RSA7.00. What a bargain!!!

Asking Price: $700,000.00 US

Thank you

HS(C4495) (B)