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R17,900,000

33 bedroom guest house for sale in Erasmusrand

33 Beds
1,736m²
6,454m²
Reduced
Opportunity To Convert A Venue Into A Gold Mine!

OPPORTUNITY TO CONVERT A VENUE INTO A GOLD MINE!

Guest house with a spa and conference facilities built on 3 stands with 3 separate title deeds.

You have the option to purchase as a whole or individually.

Located in a quiet, Jacaranda-lined Avenue in Erasmusrand, a well-established and affluent suburb bordering Waterkloof Ridge in the southeast of the Pretoria.

NO TRANSFER FEES!

Our client is registered for VAT - If the property is sold as a going concern, meaning it is part of an ongoing business and both the seller and buyer are VAT-registered vendors, the sale can be zero-rated.

FURNITURE AND APPLIANCES ARE INCLUDED IN THE ASKING PRICE!

Beautiful garden and exterior fixtures.

Lapa.

Male and female staff quarters.

Parking for 100+ vehicles.

Excellent security with features like CCTV, armed response and electric fence.

Neighbourhood soon to be boomed-off.

ZONED: Special Residential; Guest house and Conference Centre.

PROPERTY 1

917Sqm under roof on a 1 927Sqm stand.

Reception area.

17 Luxurious, well-planned bedrooms with ensuite bathrooms (3 with kitchenettes).

Spacious lounge that can double as conference room.

Kitchen.

Dining area opening to a patio with built-in braai.

Laundry.

Generator with switchover.

(R9m when sold separately)

PROPERTY 2

519Sqm under roof on a 1 983Sqm stand.

16 Luxurious, well-planned bedrooms with ensuite bathrooms.

Large conference room accommodating up to 100 people

Smaller conference room that can accommodate 20 people.

Interior and exterior dining areas

Kitchen with a scullery.

Main kitchen in a separate building well equipped with gas appliances, freezers, cold rooms

Generator with switchover.

(R9m when sold separately)

PROPERTY 3

+/-300Sqm under roof on a 2 544Sqm stand (Originally the spa).

Reception Room.

Conference room - accommodate 56 people

Spacious living area that can be utilised as a smaller conference room.

Dining area.

Kitchen with a scullery.

Storeroom.

Generator with switchover.

(R3.2m when sold separately)

AGENT’S COMMENTS:

The elderly owners will be first to admit that this business’s potential is endless, but currently underutilised.

Marketing and advertising are non-existent.

Even though the entrance to the venue is in a quiet street, the N1 highway borders the back of the property – perfect for advertising boards.

Business expansion - Opportunities like the tourist industry, work functions, weddings, and other special events should be targeted.

LANDMARKS/ POSSIBLE TARGET MARKET CLOSEBY

Armscor

Mediclinic Kloof Hospital

Waterkloof Hoërskool

Sol-Tech Campus

Waterkloof Air Force Base

Waterkloof Golf Club

Wingate Golf Club

Castle Gate Lifestyle Shopping Centre

Menlyn Mall

Time Square Casino

Castle Walk Shopping Centre

Easy access to the N1 highway, and the intersection with the R21 highway, is just south of Erasmusrand,

Don’t delay, call NOW!

Property Type
Guest House
Bedrooms
33
Stand Size
6,454m²
Building Size
1,736m²
Open Parking
100
Rates & Taxes
R48,535
Staff Rooms
Yes
Fibre Internet
Yes
Uncovered Parking
Yes
Garden
Yes
Reference
2330529
Property history
Listed for sale at R20,000,000
23 Oct 2024
Price reduced by 10.5% to R17,900,000
30 Oct 2024
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