Property features

R15 500 000
Security Estate

Property Details

• VANDERBIJLPARK • CW 6 • HOTEL • PRIME INVESTMENT • R15 500 000.00 • UNDER OFFER • The Area of the Erf is 8,326m² (eight thousand three hundred and twenty-six square meters). • ZONING • • The zoning is “Special”. • Allowance is made for 21 covered parking bays and 42 open parking bays which are all tarred. • The site boundary is fully walled, and open spaces are well landscape • The potential is conservatively estimated to be able to provide accommodation for 129 students, accommodated in 21 single bedrooms and 54 double bedrooms. • The additional special features include but are not limited to the following: • Air conditioning in the bedrooms and function rooms • Three phase electrical power • Swimming pool • Liquor Licence • Borehole with plenty of water • Impressive entrance and reception area • Centralized boiler installation for hot water • Emergency generator (150kVA) with automatic switch over • LED light fittings and other power consumptions arrangements • Existing furniture, fittings and curtains • Generous sized mature landscaped garden • Low water flow shower heads • WIFI • The possibility availability of the existing owner/management to assist with management after the conclusion of the sale to ensure a smooth transition to the new owner • The possible availability of the existing staff to continue employment with the new owner after the conclusion of the sale to ensure a smooth transition to the new owner