This property with a site extent of over 2, 1615 Hectares (21 615 m²) was previously known as the popular Canefields Hotel and Conference Facility located just outside Empangeni. This renovated hotel has now been designed for student accommodation, which has been approved by NSFAS to accommodate 240 students amongst 60 rooms. It is strategically located within a short driving distance from the TVET College in Richards Bay and from the University of Zululand. Student accommodation has been redefined by blending the sophistication of a hotel with the vibrant communal atmosphere of student life.
The accommodation blocks comprise of rooms that currently sleep 2 and 3 students, dispersed amongst various double storey and single storey improvements. Majority of the rooms have their own bathroom facilities however there are also a few communal bathrooms available. Rooms are fitted with beds, cupboards, chairs, desks, and majority of them with air-conditioners. The property has been accredited and graded by National Student Financial Aid Scheme (NSFAS). There are fire extinguishers, fire hoses and CCTV cameras in place.
The accommodation is configured as 54 hotel / guest rooms and 2 x 3-bedroom apartments.
Apart from the various accommodation blocks positioned on the property, the property also features a double volume reception area, a pool, bar area, TV rooms, dining areas, entertainment rooms, catering kitchens, staff facilities, offices, ample parking and further development land. The property also boasts a 300 seater conference facility with a catering kitchen and store rooms. There is a workshop on site that has excellent height.
The property has endless potential, to be used as student accommodation as currently utilized or as a retirement village or multiple residential conversions however all necessary approvals and consents must be obtained from the Municipality.
It should be noted that all movable assets within the property to continue with the Student Accommodation, the JOJO tanks with pressure and borehole pumps will form part of the sale.
All other movable assets within the property are specifically excluded from the sale which includes the CCTV cameras and Generator (163KVA).
It should be noted the property is not subject to any land claims.
It should be noted that the property is accredited as “A-Grade” and approved to accommodate 240 Students as per National Student Financial Aid Scheme (NSFAS). This “A-Grade” certification is valid for 3 years. As such, the property has the potential to generate a monthly income of R888 060.00 (No Vat) per month if fully occupied with 240 students. Further to the above, the other facilities such as the Conference Centre, Tuck shop and Mini Bar Fridges has the potential to generate a further R73 000.00 per month.
Previously known as the Canefields Hotel and Conference Facility, this property is positioned slightly north of the Empangeni Township, where the R102 Main Road links with the N2 Freeway. The property is positioned approximately 5km north of Empangeni and approximately 4km north of the R34 Main Road which provides access into Richards Bay.
Nestled in the heart of Zululand, the property is a serene haven that exudes rustic charm and modern sophistication. The property is surrounded by lush green sugar cane fields, positioned just outside the bustling town of Richards Bay and Empangeni.
The Canefields Hotel & Conference Facility enjoys a convenient and strategic location within the country side yet within close proximity to the University of Zululand.
Empangeni and Richards Bay offers the largest and busiest port of South Africa and Empangeni is known as the hub of learning and growth offering excellent educational institutions.
All modern amenities can be found within the Empangeni Townships.
