Bidding opens at R7,500,000

ONLINE AUCTION
Bidding Start Time: Wednesday 25 January 2023 @ 09:00.
Bidding End Time: Thursday 26 January 2023 @ 14:30.
Registration is essential by Monday 23 January 2023.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.

Description:

This beautiful majestic 5832m² property is situated on the bank of the Kowie River and has amazing views over the river.

Known as the Ferryman’s Hotel – it was run as a hotel for many years and can be restored to a hotel, resort or even a beautiful complex.

Port Alfred is situated on the Eastern Seaboard of the country at the mouth of the Kowie River and its long stretches of beach, plenty of sunshine, game reserves and a scenic marina make it an enticing destination.

CURRENTLY:
• 29 Rooms in the hotel
• Dining room
• Kitchen that is fully equipped
• Lounge
• Separate building with 12 rooms and large kitchen
• Various other rooms and store rooms
• Garden areas
• Separate building with 4 rooms
• Jetty
• Usage – business
• Can re-zone

Details:
• Erf no: 4774, Port Alfred
• Erf size: 5832m²
• Rates: ±R6,565.00 per month
• Zoning: Usage - Business

Web Ref: 605625

Transfer Duty Applicable

Payment Terms:
2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only. Balance payable on Transfer.

Josh Raisun | 021 425 8822 | 078 888 9534 | josh@claremart.com