R6,400,000.00
Underberg, Drakensberg, Kwazulu Natal
Property Information
| CODE : | PP372 |
| Asking Price : | R6,400,000.00 |
| Ownership : | Freehold |
| Land Size : | 12000m² |
| Parking : | Yes |
Description
This is an excellent opportunity to acquire 3 adjoining plots of land in the town centre of Underberg. Each plot is 1 acre in extent and comes with existing buildings and infrastructure. It has approximately 10 hotel rooms, 4 shops, a bottle store, a restaurant, a bar and various other outbuildings and staff facilities. There are a number of leases in place and the property derives various rentals.
Underberg is a traditional farming town in the Southern Drakensburg. With favourable soils and climate it has historically supported a successful farming community. With the increasing popularity of Sani Pass it has now also become a popular mountain getaway with a thriving tourism industry. This property would ideally be suitable for a commercial hotel facility with a mixed use restaurant and retail centre. Please see below aerial views of the property and contact us for additional information.
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Other Information
Contact the Agent
Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
