Weekend Argus (Saturday Edition)
Chance to invest in Worcester gem
Protea Hotel Cumberland is a ‘ wonderful investment’ and the sale includes all the assets
THE NEWLY renovated Protea Hotel Cumberland in the Boland will be auctioned by Rawson Western Cape on September 23 at noon.
The hotel in Stockenstrom Street, Worcester is managed by international hotel company, Marriott and covers about 6 200m2 of an 8 259m2 plot, leaving substantial space for outdoor events or future expansion.
The hotel’s 55 rooms comprise standard and deluxe units; four family suites; six studio rooms and an ultra-luxurious “presidential suite”.
The popular De Breede restaurant, accommodating up to 200 diners, overlooks the pool area, while other features of the hotel include a public bar, five modern conference rooms (for between 40 and 350 delegates) and a leisure centre with fully-equipped gym, pool, squash court, sauna and jacuzzi.
There are 30 secure off-street parking bays, 10 slot machines, an ATM and three small commercial rooms currently rented by a hair salon. An adjacent liquor store is also included in the lot which will be sold as a going concern.
Tanya Jovanovski, regional franchisee for Rawson, says the immaculate hotel is an ideal venue for events such as weddings, corporate seminars and training and banquets as well as dinner parties.
“The hotel’s contract with Marriott is set to expire in December, so the new owner can negotiate a new contract with Marriott or continue independently.
“The sale will include all the hotel’s assets and it would make sense for the new owner to retain the well-trained staff who understand the day-to-day operations, local culture and the community.
“The hotel is a wonderful investment and extremely attractive architecturally. Worcester, only about 110km from Cape Town, with a backdrop of spectacular scenery, has been growing in popularity over the past couple of years and has
become the business and shopping centre for the entire valley and surrounding Boland towns.
“Nearby tourist attractions include two Big Five game reserves, the Karoo Desert National Botanical Garden, several wine farms and many hikes and biking trails.”
The reserve price will be R32 million, with an opening bid of R28m, but all offers will be considered.
For more information, contact Marc Schutte at 064 938 1719, Daniel Paulse at 078 428 9701 or Tanya Jovanovski at email@example.com or at 082 411 9599 or 079 980 3457.
Rawson has an online bidding platform which calls for registration at www.instantproperty.co.za which lists auction requirements. Registration, ID and Fica documents must be emailed to firstname.lastname@example.org and offers submitted on Rawson documentation, available online, or via email at auctions. email@example.com or at 079 980 3457. | Auctions Writer