2,407m² Building For Sale in Observatory

OBSERVATORY BOUTIQUE HOTEL! R 12 500 000
This property has been rezoned for a Boutique Hotel. It has ample 3 phase electricity and a sewerage line running on both sides of the property. Consists of 2 double electric gates that can easily be used as [i.e. entrance on one side and exit on the other side] It can park from 60 to 70 cars and has a beautiful well maintained garden. It is currently being rented out, section by section [parts not rented out] with a total income of around R 55 000 per month. 50 en-suits rooms can fit on the front part of the property [Original main house with a further level - slab already in place] while you have 4 to 5 single units at the back with an entertainment area that has a pool. You can also use this property as a training facility, Medical centre, a religious facility with a chapel or a medium sized corporate accommodation and entertainment facility or even a small corporate headquarters. The potential of this property is amazing if you have a good vision or business plan. The size of the stand is 3282sqm and 2407sqm under roof with a further 1000sqm potential under roof. All newly renovated finishes are high end and the original space is planned out and / or ready to be adapted to fulfill your needs.