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Listing ID: 1585988

4 Star Guest Lodge In Sandton For Sale

Sandton GT, Gauteng, South Africa

R 21,500,000

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: R 3,600,000

Cash Flow: R 2,652,000

Business Description

4 STAR GUEST LODGE situated in the heart of SANDTON is for sale. Excellent location and very well run with the same owner for over 11 years. The guest lodge attracts a large customer base from overseas, mainly other African countries with the business market holding a large percentage of the customer base. It currently has 15 en-suite rooms which has 4 Star status. Potential exists to add another 5 rooms which would qualify it being called a boutique hotel. Total land size is 2500m2 and under roof is 1200m2.

Property Details

Size:

Total land size is 2500m2 and under roof is 1200m2.

Years Established:

11

Property Type:

Real

FF&E:

R 1,000,000

Inventory Value:

R 10,000

Real Estate Value:

R 21,000,000

Other Details

Business Location:

The business is located in the heart of Sandton and about a 2 minute drive from Sandton Central, which is the business hub in South Africa where most banks and law firms are based.

Premise Details:

All rooms include en-suite bathroom, TV with DSTV, desk and chair, fridge, aircon, Wi-Fi and offers complimentary drinks and coffee. The room breakdown is as follows 5x single rooms 7x double rooms 3xfamily rooms

Expansion Potential:

Opportunities lie in adding a restaurant,Beauty spa and a bar. Opportunities lie in adding a further 5 rooms which can than be called a boutique hotel.

Operation Details

Employees:

Total staff of 8

Trading Hours:

All hours

Miscellaneous

Reason For Selling:

Owner retiring

Contact this seller

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