Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo

R 24 000 000.00
Ref: PGLAG1281788
  • FullSizeRender (005) - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 5 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • FullSizeRender - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 7 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • FullSizeRender (003) - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 6 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 1 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 4 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo
  • De Aar - Hotel 3 - Newly Renovated Three to Four Star Hotel Proudly situated in De Aar, the Heart of the Karoo

Property features

TGCSA
40
6535 m2
2000 m2
  • Retail outlets
  • Restaurants
  • Bar
  • Conference facilities
  • En-suite bathrooms
  • Solar power

About the property

This newly renovated three to four star country hotel is situated in De Aar, a vibrant town in the heart of the Karoo.  This is the only Hotel in De Aar and it comprises of 40 en-suite rooms, comfortable lounge, conference facilities, a bar and restaurant.

Other improvements and part of the sale are 3 lettable shops, store rooms, a warehouse, liquor store and a laundry.

A liquor license is in place and the Seller will cooperate in the correct transfer of it to a new owner.

De Aar is a town in the Northern Cape established in 1903. It is centrally located so the Government chose the location as a junction for the 1st railway line from Cape Town to Kimberley in 1881. De Aar is recorded as the second-most important railway junction in the country, with 110km of lines including 29 rail-tracks. De Aar boasts a weather station gathering climatic data which has literally put De Aar on the world map. As a declared industrial growth point, with very reasonably priced industrial sites, affordable labour and necessary infrastructure, De Aar is the ideal place to establish an industry in the Northern Cape. Various renewable energy and Transnet companies are the major sources of economic development for the town of De Aar. Accommodation is used for stopovers for Telkom, cell phone service providers, agriculture and other reps.

De Aar is renowned for De Aar Solar Power which is one of the first solar power projects in South Africa.  The project generates sufficient electrical energy to to meet the needs of around 20 000 average South African households and hence reducing carbon emissions and saving huge amounts of water.

The Hotel is perfectly equipped to accommodate and provide training facilities for the next generation of engineers; engineering students and contractors directly and indirectly involved with the  Solar Power projects.

South Africa is without a doubt one of the world’s most exciting destinations for renewable energy investment, with an estimated R193 billion already committed to the acclaimed Renewable Energy Independent Power Producer (REIPPP) Programme.

This newly renovated three to four star hotel will be proudly opening its doors for guests on 1 October 2016 at a price offering a significant discount on today’s replacement cost.

Total erf size: 6535 m2
Building size: approx. 2,000 m2