Hotel, Observatory, Johannesburg | Ref: 13493042

OBSERVATORY BOUTIQUE HOTEL! R 22 Million
This property has been rezoned for a Boutique Hotel. It has ample 3 phase electricity and a sewerage line running on both side of the property. Consists of 2 double electric gates that can easily be used as [i.e. entrance on one side and exit on the other side] It can park from 60 to 70 cars and has a beautiful well maintained garden. It is currently being rented out, section by section [parts not rented out] with a total income of around +R55 000 per month. 50 en-suits rooms can fit on the front part of the property [Original main house with a further level – slab already in place] while you have 4 to 5 single units at the back with an entertainment area that has a pool. You can also use this property as a training facility / medical centre / diamond cutting or any specialized courses, a religious facility with a chapel or a medium sized corporate accommodation and entertainment facility or even a small corporate headquarters. The potential of this property is amazing if you have a good vision or business plan. The size of the stand is 3282sqm and 2407sqm under roof with a further 1000sqm potential under roof. All newly renovated finishes are high end and the original space is planned out and / or ready to be adapted to fulfill your needs.
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Features

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  • 3,280.00
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Vicinity:

Johannesburg Observatory, Situated on a Hill with a view to all the surrounding areas.

Schools:

Johannesburg Observatory, Observatory Girls Primary School, Observatory East Primary School, Gymnastics School for kids, Sacred Heart Collage, Nationwide School for Academy Ecellence.

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Max Katz

Hotel for sale in Observatory - 50 bedroom, Max Katz
Office: 011... 0116229879 Show Numbers
Cell: 083... 0833439675 Show Numbers
Email: ... Max Katz Show Email
Fax: 0866359330
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Jack Russell Estates

Office: 011... 011 454 3540/1/2 Show Numbers
Fax: 011 454 3543

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