Hotel for Sale in Swakopmund, Erongo, Namibia

Hotel / Lodge for Sale in the Heart of Namibian Sun

Hotel Grunen Krantz
Situated in the hart of Swakopmund CBD. http:///
Aprox size of site is 1770sq meters
Aprox Size of buildings is 2164 sq meters
30 rooms of which 25 is large double rooms; 1 has 5 single beds and 1 is a self catering flat with 2 double rooms. The other 3 rooms is dorm accommodation with 6 beds each.
Turnover on accommodation is on average around U$ 37 000 per month
2 bars –
Large public bar opens seven nights a week and is very well known with the locals as the place to be
Private bar opens from 12h00 seven days a week.
Monthly turnover on these bars is on average in the region of U$ 51 000 and over Festive season goes up to U$ 95 000
Restaurant is rented out and currently rental is U$ 2 200p/m
Booking office is also rented out and rent is U$ 600p/m
Total turn over / Income potential = U$ 180 000+
Value of property is in land pricing currently running at U$690 to U$850 p/sqm and builing costs running at similar pricing.
Price includes all asets and furniture. Al inclusive.
Potential income excludes all other forms of income such as catering, conferencing, adventure sports commision
Business registered in a Close Corperation and therefore no transfer costs.
Swakopmund as town is the town in Namibia with highest growth in economy in Namibia
One of the top tourist destinations in Africa
http:///wiki/Swakopmund
Activities include: Sandboarding on the dunes, quad biking, horse trails, paragliding and much more. http:///namibia/swakopmund-coast/swakopmund/