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Commercial Property for Sale in Glen Austin AH, Midrand by Private Property Owner

Property for Sale > Gauteng > City of Johannesburg Metropolitan Municipality > Glen Austin AH

 
 
Bedrooms
29
Bathrooms
29
Floor Area
1800
Land Area
8565
Reference
20355
 
 

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.
 
...
Negotiable
Yes
expired
37,000,000
Private Owner
Mobile
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Reserved
Reduced

Listing Date
19 March 2016
 
Property Type
Commercial Property
 
Monthly Repayments
Unprovided
 
Land Area
8565m²
 
Floor Area
1800m²
 
Bedrooms
29
 
Bathrooms
29


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