THREE STAR ALL EN-SUITE 49 ROOM HOTEL IN MIDRAND!!

Here’s a great opportunity to acquire a three-star hotel with great and unique infrastructure (that can also be easily upgraded to 4-Star or 5-Star hotel) in the heart of Midrand. This cash-generating establishment is being sold as a going-concern and comprises a sectional title unit within a multi-use sectional title scheme. It has 49 en-suite rooms (12 Superior Rooms and 37 Standard Rooms - all with WiFi) on two floors, large commercial standard kitchen (with a pantry & scullery), indoor and outdoor restaurant, a fully-licenced bar, a large swimming pool, a pool deck (with covered and uncovered areas), laundry & storage, a water tank, a back-up generator and exclusive parking bays. The hotel is centrally located within a secure sectional title commercial park with easy access to major mobility nodes including the N1, New Road, Olifantsfontein Road, Old Pretoria Road and is within a five-minute drive to the Midrand Gautrain Station and Grand Central Airport. The area is saturated with large office parks, corporate head offices and industrial properties making this hotel the prime choice for business travel.
Having survived the crippling lockdowns of the past 2.5 years and with monthly bookings in excess of R1,200,000 this business is poised to generate revenue well in excess of R14 million for the 2022 financial year.
Call to me to schedule a private viewing and snap up this opportunity!!

Rates And Taxes: 10377
Levies: 56280
Property Reference #: 140

Agent Details:
Zukile Majikela
Urban & Country
1st Floor, Block D, Willows Office Park, 40 George Road, Midrand, 1685
Midrand