Glen Austin, Midrand, Gauteng ID 1302626
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Suggested Opening Bid: R18 000 000 Exclusive Auction Mandate! 50-Bed Medical / Substance Abuse Rehabilitation Centre: Unlock the future of healthcare real estate with this rare, high-impact investment. Perfectly positioned in Gauteng’s fast-growing Midrand node, this 29-room former hotel offers an extraordinary opportunity to transform into a licensed 50-bed substance abuse rehabilitation centre — a market segment facing acute demand and rapid growth. Key Features & Highlights Consent Use Approved (May 2023): Fully sanctioned for medical use, resolving zoning risks and paving the way for turnkey redevelopment. Unbeatable Location: 10 mins from Gallagher Convention Centre & Boulders Mall, near OR Tambo & Lanseria Airports, and just a heartbeat away from Waterfall City’s booming commercial zone. Undersupplied Market: Gauteng’s critical shortage of rehab beds creates urgent demand — making this property a direct answer to a growing public health crisis. Conversion-Ready Infrastructure: 29 en-suite rooms, restaurant, 2 large conference spaces, gardens, pool, kitchen — all primed for medical adaptation and fast go-live. Lucrative Potential: Estimated annual gross revenue of R36M with NOI of R16.2M. Acquisition cost per bed just R380K — with a projected stabilized value of up to R231.4M! Perfect for: Healthcare investors | Private equity firms | Property developers | High-net-worth individuals Make a powerful entry into South Africa’s rapidly expanding healthcare sector. This is more than a property — it’s a purpose-driven, financially sound solution to one of Gauteng’s most urgent health infrastructure gaps. Contact me to Arrange a Viewing & Bid Don’t just invest — transform lives while building lasting value. WhatsApp is the fastest and best way to reach me. All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at auction. Auction via Online Bidding on our Website. Viewings can be arranged. The Seller has chosen to make use of our nationally proven Non-Distressed Auction Platform For Serious Sellers. - Full Finance Options Available - Offers Accepted prior to Auction Day - All property reports available on request - The seller has a Non-Disclosed Reserve Price - Seller to arrange compliance certificates and rates clearance certificate for buyer Auctioneers fee is payable over and above the purchase price. Subject to confirmation.
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