Property Details
This guest house, situated on three expansive stands each measuring 495 m, is a unique property offering a blend of residential and commercial spaces. It boasts a total land area of 1,485 m and is fully licensed as a hotel, making it a prime investment opportunity. The guest house features a variety of income-generating spaces, including a well-established bar, rentable rooms, and spaza shop.
Property Overview:
- Land Area: 1,485 m (3 stands of 495 m each)
- Hotel License: Fully licensed, ideal for continued hospitality operations
- Approved Floor Plans: Municipality-approved floor plans ensuring the property is compliant with local regulations
Main House:
- Bedrooms: 4 spacious bedrooms
- Bathrooms: 4 private, en-suite bathrooms, each connected to a bedroom
- Living Area: A comfortable living space of 45 m for relaxation and entertainment
- Kitchen: A functional kitchen with a floor area of 20 m, equipped for preparing meals for guests
- Store Room: A dedicated 25 m storage area for supplies, linen, or other essentials
- The main house is currently occupied by a family, not rented out.
Commercial Spaces:
- Spaza Shops: Two separate spaza shops with a combined area of 36 m, generating a steady income of R10,000 per month. These shops serve as a convenient retail option for guests and local renters.
- Bar: A lively bar area spanning 30 m, operating from 10 AM to 3 AM, generating approximately R12,000 per month in revenue. This space adds a social and entertainment element to the guest house and attracts both guests and the local community.
Guest Rooms:
- 8 Rentable Bachelor Rooms: Each room has a floor area of about 18 m, designed for comfort and privacy. These rooms are available for rent at R200 per night or can be leased on a monthly basis for R2,200 each. The rooms provide a consistent stream of income and cater to both short-term and long-term guests.
Additional Features:
- Cottage: A cozy cottage located at the back of the property, offering an additional 25 m of living space. This can serve as a private residence or be rented out for additional income.
- Height Clearance: The main house offers a 4-meter height clearance, allowing for potential future expansions or adjustments to the structure as needed.
Sellers Offer:
The seller is including the entire business operation in the sale, which comes with a valid liquor license, making this a turnkey investment opportunity for those looking to continue or expand upon the current operations.
Summary:
-This guest house is a well-maintained property that combines residential and commercial elements, generating multiple income streams through rentable rooms, spaza shops, and a bar. The total space is well-suited for hospitality purposes, with all necessary licenses and approvals in place. With its strategic location, steady rental income, and potential for growth, this property is ideal for an investor seeking a profitable, low-maintenance business opportunity in the hospitality sector.
-The property presents huge opportunity for conversion into a multiple stories of residential that can cater for private rentals and student accommodation.
Location:
Berea is an inner city neighbourhood of Johannesburg, in the South African province of Gauteng. It is east and adjacent to the Johannesburg CBD. It is located in Region F of the City of Johannesburg Metropolitan Municipality, It is located in between Yeoville and Hillbrow to the east and west respectively.
The property is close to UJ Doorfontein campus, Wits Parktown campus and Nelson Mandela Children Hospital.