On Auction: Iconic Redevelopment Opportunity in Oranjezicht Cape Town Featured

Posted On Thursday, 26 August 2021 12:58 Published by
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Currently operating as a 43 room guesthouse / backpackers.

The_Lenox

The Lenox is a well known landmark which consists of the main hotel with an adjoining Victoria Villa and potential for the utilisation of the remaining bulk permitted on the parking area to the rear of the property.

The property is a well know Landmark located prominently on Upper Orange Street in the heart of Oranjezicht with the main building having been operated as Hotel since it was completed in the early 1930’s.

The_Lenox_a

The adjoining Victoria double storey house was incorporated into the Hotel some time ago providing additional accommodation for the hotel and an off-street parking area. The hotel has 42 rooms with shared bathrooms (7), shared kitchen, dining hall, games room, 2 TV rooms and a lounge.

The buildings are on separate erven. The existing structures on Erf 381 occupy less than 25% of the site with parking area to the rear of the property being suited to development of the unutilized bulk, particularly if the outbuildings (which would appear to be of little heritage value) were demolished however any such development would require approval from Heritage Western Cape

PAYMENT TERMS Deposit: 5%  Buyers Commission: 7.5% excluding VAT Confirmation Period: 5 Business Days

REGISTRATION REQUIREMENTS R10000 refundable registration fee payable by EFT and current FICA documentation.Aeriel_view_The_Lenox

DISCLAIMER Stewart Property makes no representation or warranties of any kind with respect to this advertisement.

Bidder's must conduct their own investigation prior to bidding.

Size: 2 561sqm

Erf: 2 548sqm

Auction date: 9 September 2021, 11h00

Click HERE for more Information and Bidders' Pack.

Contact Christian Stewart on 082 375 0320 and This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Friday, 27 August 2021 12:56

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