40 Bedroom House in Observatory

R 22 000 000

Craig Broadbent

Anbro Commercial & Industrial Property Brokers

40 Bedroom House in Observatory

R 22 000 000

Can I afford this?
40 Beds
40 Baths
Land Area 3100 m²

Investment Opportunity, own your own hotel with potential for gambling licence.

Property for sales in Observatory (Johannesburg) which is registered in a CC and has zoning for a boutique hotel.

Size of +/- 3000 m2

. Current facility offers- self catering, studio, 1 bedroom and 2 bedroom units.

. Current facility offers Spa/ hydro / health saloon & catering facilities.

. The framework of the hotel has already been constructed.

. An additional R2m is still required to complete the internal design works.

. Parking for +/- 30 cars.

. Facility for Coffee shop & Restaurants & Bar and cigar lounge.

. Hotel architecture plans for 40 rooms.

. If a BEE investor, Government will grant a gambling license for up to 20 machines

. Separate entrance and exit gates.

. Penthouse potential with beautiful flowing views of the golf course and surroundings.

. Restaurant potential, bar potential, spa potential, conference center facility.

. Secure complex with access control.

Office space size 230m2

Warehouse size 300m2

. Lockable store room in warehouse of 50m2

. Large reception room.

. Warehouse has 2 offices, 2 toilets, and kitchen.

. 5 Upstairs offices all carpeted with additional storeroom, upstairs kitchen and 2 toilets.

. 10% Escalation year on year.

. 3 to 5 year lease.

The Company was established by Tony Walsh and Ian Broli. Both have served in numerous management capacities within the First Rand Banking Group for 35 years.

Our team of experienced Brokers specialise in the following areas, Linbro Park, Longmeadow, Meadowdale, Tunney, Greenhills, Jet Park, Hughes, Aeroport, Spartan, Sebenza, Edenvale, Eastleigh, Midrand, Pomona, Boksburg, Benoni, Springs, Anbro Properties is a Johannesburg/East Rand based Commercial and Industrial Property Broking Company offering the following services to its clients:

-Sale of Commercial Property

-Sale of Industrial Property

-Rental of Commercial Property

-Rental of Industrial Property

-Sale/ buying of businesses

-Sale of vacant Commercial and Industrial Land in Anderbolt, Wadeville, Alrode, Midrand, Bedfordview, Greenstone Hill, Germiston, City Deep, Benrose, Heriotdale, East Rand and the Southern areas of Johannesburg

Our mission is to match the needs of buyers and sellers, lessors and lessees by providing a superior customer service, improved advertising methods and a hands-on approach. We believe in total honesty, integrity and an ethical approach, ensuring that both parties get a fair deal.

Our shared Values:

-We believe in integrity and an ethical approach in all that we do

-We believe that the customer comes first

-We believe in quality in all that we do

-We believe in profitable growth

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Key Property Features

40
Bedrooms
40
Bathrooms
40
En-suite
Lapa
Staff Quarters

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Craig Broadbent

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Broadbent

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Experience Johannesburg CBD and Bruma

The Johannesburg CBD encompasses a vast area, ranging from the affluent areas like Linksfield, to more affordable areas like Hillbrow and Bruma. After years of being seen as a no-go area by many, the city centre has bounced back to being in demand again. A massive urban regeneration project has seen money pumped into the area and occupancy is up and crime is down - a sure sign that it's working. The Maboneng precinct, for instance, now attracts a hip, arty crowd to its bars, restaurants, shops and art galleries.

The Observatory Golf Club in Johannesburg CBD and Bruma
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40 Bedroom House in Observatory

R 22 000 000

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