ESTABLISHED 3-STAR GUESTHOUSE IN CAPE WINELANDS ON AUCTION

A prime located, well-established 3-Star guesthouse in Somerset West in the Cape Winelands is to be auctioned on site at 11am on Tuesday June 17, 2008 through Pam Golding Commercial Auctions. The establishment has a very good reputation and is rated AA Highly Recommended.

With sweeping views of the Helderberg Mountains and situated on a double plot comprising a total of 3452sqm, the property includes buildings of 431sqm. These consist of five self-catering cottages which can accommodate 16 guests, an Internet café, reception office, 40sqm laundry room also used for linen storage, 40sqm garage/workshop, granny flat, staff accommodation building and staff kitchen. There is also a spacious and attractive thatched owner's house comprising three bedrooms, two bathrooms, study, open plan double-volume lounge and open plan kitchen, a swimming pool and manicured grounds with borehole. There is ample parking for seven cars with the potential for additional parking, intercom access and two entrance gates. The main house and guest facilities are in excellent condition.

Comments Geoff Stroebel, GM of Pam Golding Commercial: "Trading since 1996 as Helderberg Cottages, this successful guesthouse was a finalist in the AA Awards, Best of South Africa 2006. With the Soccer World Cup in 2010 around the corner, hospitality enterprises such as these - particularly so ideally located in the ever-popular, world-renowned Cape Winelands, are experiencing heightened interest."

He says clients comprise 80 percent international, 20 percent local, with a high percentage of overseas repeat business and referrals, and good year round occupancy rates. As it's a self-catering business, there are no breakfasts to be prepared, making this an easy-to-run operation.

Located at the adjacent sites 164 Irene Avenue and 48 Almond Drive in Helena Heights, a sought after and secure residential area in Somerset West, the property has high access and visibility from Irene Avenue, with its second entrance in quiet Almond Drive.

Paddy Smuts, auctioneer for Pam Golding Commercial Auctions, says the owner's house, granny flat and double garage could easily be transformed into additional accommodation, thereby significantly increasing the earnings capacity of the business and generating economies of scale. The primary house could also be converted into a conference centre or restaurant, and similarly the staff accommodation could also be converted to another cottage or owner's accommodation.

The staff, which includes a dynamic manager fluent in German, would be willing to stay on.
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