Ntshe Lodge by public auction sale

Overview   Ref# 686

Price: 
P2 370 000
Contract type: 
Sale by Auction
Location: 
Monarch Phase 5 Francistown
Bathrooms: 
9
Bedrooms: 
8
Rooms: 
8
Built Area: 
275m2
Plot Size: 
1335 SQ.M
Title Type: 
Title Deed

Description

This property is to be publicly sold in execution by the Deputy Sheriff with property detail as follows:

Ntshe Lodge, a hospitality property investment opportunity, is on offer through Public Auction! Ntshe Lodge is located in a new upcoming suburb of Monarch Phase 5, in Francistown. A quiet but easily accessible suburb located 14 minutes north-west of Francistown City Centre. Offering a perfect spot for guests visiting Francistown either for business or pleasure. The guest house has 8 modern and affordable guest rooms plus a spacious outdoor garden which can be used for catering activities.

Developments consist of one (1) main building structure with thatch roofing, two (2) outbuilding rondavels both thatched, outdoor garden space for guests or can be used to host small private outdoor functions, a paved driveway and parking space, an electrified rock perimeter wall, with a sliding gate. The main building contains six (6) spacious guest rooms, a spacious dining and reception. All the guest rooms are fitted with air conditioning, en-suite bathrooms with either shower or tub with hot water, and tiled floors. The two rondavels, house 2 other guest rooms, all fitted with air conditioning, en-suite bathrooms with either shower or tub, with hot water. All buildings are roofed with thatch. Ntshe Lodge is built over 1335 square metres of land.

Getting to Ntshe Lodge. The guest house is easily accessible via tarred roads. The property is a 12-minute drive from PG Matante (Francistown) International Airport and Francistown Sports Stadium. It's also a 14-minute drive from the City Centre, perfect for guests who want to be away from the City chaos but still want quick access to services and amenities.

Market comments on the business's potential: Looming opportunities post covid considering a trend of increased room occupancy rates on the market with a customer backlog on travel and tourism post the lockdown. The guest house offers a good risk-adjusted return, given a business model adopted with good management practices and target market-oriented marketing and advertising as a domestic hospitality product.
Requires an interested bidder/local entrepreneur with the vision to raise the bar on this lodge business opportunity in Francistown for a countrywide market!

Reserve price: Bids will start at 2,370,000 pula.

This is your opportunity to secure a hospitality property investment! The property will be sold on Auction on Wednesday the 25th of May 2022 at 1100am.


This property shall be publicly sold in execution by the Deputy Sheriff as follows:
Date of Sale: 25th May, 2022;
Time: 11:30 hours;
Venue: Plot No. 21013, Phase V, Francistown
Reference Case No. CVHGB-001447-14

 
 

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