1800m² Commercial Property for Sale in Glen Austin AH, Midrand
Midrand, Gauteng, 1685, South Africa
This unique Boutique Hotel with 29 En Suite Guest Rooms, 2 Conference facilities accommodating 200pax in total, restaurant, kitchen, reception, managers office, laundry, store rooms and staff accommodation set on a stand in excess of 8500m2 in the Midrand area.
The buildings have been recently renovated and in excellent condition.
Have been operating from 2007. Stopped trading to expand and renovate.
Currently operating with limited resources. Requires full blown relaunch.
40% occupancy will bring in revenue of R1,5m per month, after costs.
Mainly corporate business.
Minimum of 60% deposit will secure. Balance can be financed by seller.