Bloemfontein, Bloemfontein, Free State ID 1200508
540m2
For Sale: Hotel/Student Accommodation Property This property is currently operating as a hotel with a rental income of R70,000.00 per month, with 59 rooms, all en-suit. This property presents an excellent opportunity for conversion into student accommodation, with feesability and planning already done for 112 beds. The building is equipped with a lift, which requires an estimated R1,000,000.00 for repairs, with completion expected in approximately 35 weeks. In addition to the hotel accommodation, the property includes three shops on the exterior and a bar located within the premises. Please note: Price excludes VAT.
Pelser Real Estate
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