Landmark Building in the heart of Kimberley
Unique to Sealedbid, the landmark Savoy Hotel building is now for sale!
Built in 1892 this historic building has been at the centre of commerce in Kimberley since the early days of mining, and has been operating as the Savoy since 2006.
The 50-room hotel and conference centre and well-known Tiffany's restaurant and bar are well established in Kimberley, but the building is certainly an excellent residential development opportunity as well.
Its position in the central business district means that it surrounded by strong commercial infrastructure, including malls, and several national business chains. The area is home to a wealth of local business, significant public transport, and any and all amenities that either a residential or commercial owner could desire.
A stones-throw from the University of Sol Plaatje, the Kimberly Provincial hotel, the Kimberley Town Hall, and about a kilometre from the Kimberley Hole itself, the area that the building is situated in is rich in local landmarks and colour.
With the proximity of the University the residential development opportunity could be focused on student housing and a commercial or mixed-use redevelopment is also a viable potential. The commercial value of the hotel is itself highly attractive, as the right to trade as the Savoy Hotel (and Tiffany's Restaurant and Bar), and all its assets are included in the price.
Bidding Closes: Wednesday 2nd May 2018 @ 2pm
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