Property features

R12 720 000

Property Details

Located in the heart of central town of Standerton lies this jewel of a property. It is a fully operated apartment hotel offering beautiful fully furnished units. Each unit is equipped with a bedroom, bathroom, kitchen / kitchenette, built-in wardrobes and air-conditioning. There are 16 rooms in total. Extras include an 80 Kva generator, security cameras, and all the furniture are also included. The current owner has several contracts in place and is selling as a going concern. The nett return on investment is averaging between 20-30% per year, making this a superb investment opportunity. The property has different units: 7 x wooden log cabin apartments (1 bedroom each with a bathroom and kitchenette). 5 x deluxe units with an open plan living area and complete kitchen, and private parking each. 1 x 1 bedroom garden flat with a bathroom and kitchen. 1 x 3 bedroom house with a living area, kitchen and bathrooms. Beautiful entertainment area with a swimming pool. Conference centre with restrooms. Reception / office.