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Listing ID: 3041932

Boutique Hotel in Midrand For Sale

Midrand, Gauteng, South Africa

R 27,750,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

This is an ideal size Boutique Hotel with 29 en-suite guest rooms, 2 conference rooms, restaurant, plenty of usable open space for team-building exercises (indoor and outdoor). Catering mainly for the corporate houses, situated off major road in Midrand, close proximity to the business hub of Midrand, with easy access to other business hubs – Sandton, Centurion, Kempton Park (don’t forget the O.R.Tambo Inter’l Airport), and mid-way between Johannesburg and Pretoria. We are well positioned in the surrounds of larger event venues like Gallagher Convention Center, Eskom Convention Center (Eskom College), Grand Central Airport and numerous corporate offices are only a few kilometers away. Ideal for Government business as they frequent Midrand all the time, not to mention the offices of Pan African Parliament, which is located approximately 4km away. A Spa and beauty therapy center, bar, events & parties, team building, Weddings (including larger garden weddings), could be added to the list of offerings in this segment to increase revenue and exposure. A personalized touch to the ‘look and feel’ of the venue may be required.

This property could also be used for BOUTIQUE HOTEL, MEDICAL CENTER, FRAIL CARE CENTER, SCHOOL, STUDENT ACCOMMODATION, COMPANY HEAD OFFICES, MODERN CHURCH/WORSHIP FACILITIES, TEAM BUILDING FACILITIES, CONFERENCE FACILITIES, CORPORATE TRAINING FACILITIES, PARTY VENUE WITH ACCOMMODATION, LEISURE & SPORT BAR

Parking for approximately 100 cars. Property in very good condition.

Please contact us for more details.

Property Details

Size:

8565m2

Years Established:

11

Property Type:

Real

Real Estate Value:

R 20,000,000

Other Details

Business Location:

Business is located in the business hub of Midrand, Halfway between Johannesburg and Pretoria, neighboring Sandton, Waterfall, Centurion and Kempton Park.

Competition:

Other B&B's in the area which are generally much smaller.

Expansion Potential:

More and more corporate and government offices are moving into Midrand. The leisure market is also untapped. Larger corporate and social events are becoming more in demand and our property is very suitable for the demand.

Living Accommodation?

Yes
Staff accommodation is available on the property.

Planning Consent:

All properties on the street qualify for business rights.

Operation Details

Employees:

6

Trading Hours:

06:00 - 18:00 Late arrivals and events by arrangement.

Support & Training:

Will be provided by owner & staff.

Miscellaneous

Financing Available:

Yes
Finance available, dependent on deposit with terms and conditions.

Reason For Selling:

Retiring.

Contact this seller

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