Property features

R75 000 000

Property Details

Hotel/ Conference centre is situated between Fourways and Hartbeespoort dam, a mere 10 kms from Lanseria airport, with its upcoming Lanseria city development. Being on the doorstep of the popular Gary Player signature golf course at Blair Atholl and the Monaghan estate, this property is ideally situated for further development. Currently consisting of: ? 66 twin bedded bedrooms. ? 130 seater Auditorium ? 8 conference rooms seating between 15 and 50 guests each ? Offices and reception area ? Inside and al fresco Restaurants and bar areas ? Open air covered tea break areas next to conference rooms ? Outside covered braai area, seating 150 guests ? Swimming pool ? Champion size Snooker room ? 2 Floodlit tennis courts ? Well established landscaped gardens ? 25 hectare property fully fenced ? 4 management houses ? 21 staff rooms with ablution facilities ? Laundry ? Staff canteen and recreation room The above facilities are situated on approximately 3,5 ha and consist of approx. 7 000 sqm under roof. ? Freestanding building on far side of property, currently in use by the tenant as health Spa. The remaining property of approx. 21,5 ha lends itself to the full use of existing rights for additional hotel accommodation as well as self catering units or fractional ownership. This superb venue is ideal for: ? a corporate investor for their own use as in-house training centre, realizing the huge potential for further expansion. ? Retirement/old age estate ? a college/school as their own campus and training facility ? medical or other research facilities ? rehab/recovery centre ? religious groups for their own meetings and accommodating guests ? international aid/charity organizations for local offices, accommodation and training facilities ? sporting institution to set up their own training camp The proximity to Lanseria airport makes it very attractive for corporates due to the easy accessibility and the fact that Lanseria does have international customs clearance. This venue with all its facilities is currently operational and the current lease will be taken over or an early cancellation negotiated with the lessee. It will be sold voets stoets with all improvements, fixtures and fittings (except items covered by leases of tenant). Current lease is 10 years, as from 1 st April 2015 and includes all cost of rates & taxes, maintenance and upkeep to the lessee.