91 Bed, Bed and Breakfast in Mayfair

R 16 000 000

Faraaz Akoo

Bidcore Asset Solutions

91 Bed, Bed and Breakfast in Mayfair

R 16 000 000

91 Beds
80 Baths
Floor Area 3000 m² Land Area 6020 m² Rates R 13000

CROWN LODGE

34 CHURCH STREET ,MAYFAIR, CROWN NORTH

ASSALAAMUALAIKUM

HEREUNDER PLEASE FIND INFORMATION OF SAID PROPERTY AS REQUESTED.

ERF SIZE 6020 M2

BUILT UP AREA 3700 M2

RESTAURANT AREA 150 M2 RENTAL INCOME( R20000.00)

OFFICE AREA 20 M2

PUBLIC TOILETS

GUARD HOUSE

PARKING BAYS 100

HOUSES X 3 (RENTAL INCOME) R 15000.00

GENERATOR (70 KVA)

GEYSERS X 2 5000 L (EACH)

WATER TANK 10000 L

CAMERA SYSTEM

ELECTRIC FENCING

SATELLITE DISHES X 4 3M

COMPUTER ACCESS CARD SYSTEM

ROOMS X 100 EN SUITE (FULLY FITTED)

STORAGE CONTAINER

WATER CONNECTION 100 ML

MINI SUB 500KVA

PROPERTY IS FULLY WALLED WITH AN ALARM SYSTEM.

EXISTING BUILDING HAS A SLAB AND ROOF ON TOP OF THE SLAB ,CAN BE BUILT UPON 3 OR MORE STORIES.

OCCUPANCY AT THE MOMENT 30%, WITHOUT ADVERTISING ,BUT CAN BE INCREASED WITH ADVERTISING AND CONVERTING SOME ROOMS TO SELF CATERING ROOMS.

PROPERTY CAN ALSO BE USED FOR STUDENT ACCOMMODATION.

PROPERTY CAN BE CONVERTED INTO FLATS OR SELF STORAGE UNITS.

PLACE CAN BE MADE INTO OFFICES.

THE VENUE CAN BE USED FOR WEDDINGS OR CONFERENCES.

ADDITIONAL BUILDINGS CAN BE ERECTED TO GENERATE MORE INCOME.

A DRIVE THRU CAN BE ERECTED IN PLACE OF THE GUARD HOUSE.

AN ELECTRONIC ADVERTISING BOARD CAN BE PUT UP FOR MORE INCOME.

HAS MORE THAN ENOUGH POWER FOR ANY EXTRA BUILDINGS-MINI SUB (OTHER PROPERTIES DO NOT HAVE ENOUGH POWER).

LOCATED IN THE MAIN BUSINESS AREA (MANY HUGE WHOLESALERS ARE NEARBY).

LOCATED ON THE MAIN ROAD AND HIGHWAY WITH EASY EXCESS TO ALL MAJOR HIGHWAYS.

AGENT BASED IN JOHANESBURG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Key Property Features

80
Bathrooms
91
Bedrooms

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Faraaz Akoo

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Experience Northcliff

Northcliff is one of the older, more established areas in Johannesburg. It is highly sought-after by those looking for a tranquil and exclusive lifestyle. The properties on Northcliff Hill have large grounds with well established park-like gardens. Newer developments in the extensions to the West cater to the younger generation with a taste for modern architecture. There is a distinct lack of industry and commercial blocks. For those who seek the sparkle of entertainment or the outdoors, it is less than half an hour from top spots like the Lion Park, the Cradle of Humankind and the buzz and dazzle of Monte Casino and Silverstar Casino.

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91 Bed, Bed and Breakfast in Mayfair

R 16 000 000

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