Established resort on offer

According to a number of economists, winds of positive change are blowing over markets. The JSE jumped nearly 4% on February 14 and it’s being linked to a positive investor mood following the election of Cyril Ramaphosa as the new president of South Africa. One of the issues that has been holding our market back is the negativity and the uncertainty surrounding the political climate, the Zuma presidency, corruption and state capture. In the last three years South Africa hasn’t kept up with global markets — we have lagged in terms of GDP growth, just scraping though at 1%. This, coupled with the recent ratings downgrade to junk status, does not paint a pleasant picture for South Africa. However, market sentiment appears to be improving since Zuma’s ousting, with positivity coming through. With this surge in optimism, a number of attractive investment opportunities have come to market. One such opportunity is the Mbombela Resort and Spa. In line with the ethos at WH Auctioneers Properties, executive Joshua Pelkowitz explains: “Our strategy has been and always will be to focus on bringing unique, desirable and sellable stock to the market. We have identified the Mbombela Resort & Spa as an ideal investment opportunity.”

Breathtaking views The Resort is located in Mbombela (Mpumalanga) along the N4, roughly 20km outside the Nelspruit CBD. The property offers 50 stunning rooms, conference and wedding facilities as well as an upmarket spa. There is also a restaurant with a valid liquor licence and numerous swimming pools. It is bounded on two sides by the Crocodile River as well as the Statsrivier, providing breathtaking views for guests. The resort has also recently been accredited with the University of Mpumalanga for student accommodation. A total of 102 students have been assigned accommodation at Mbombela Resort. Seventy two of the students are funded through the National Student Financial Aid Scheme, with an additional 30 privately funded students calling the resort home for 2018. Each student will be paying R2 250 a month for accommodation. This property is ideally suited for the savvy investor. There is unlimited potential in this property. The auction will be held on Wednesday on site. For further information on this property and other upcoming auctions, visit www.whauctions.com or call Joshua on 072 536 5482.