Property Details
Discover the potential of this 17-room operational guesthouse located in the vibrant heart of Melville, perfect for the savvy investor seeking diverse income opportunities.
Melville House, situated in Johannesburg's charming, bohemian suburb of Melville, has a rich history as a well-known international backpackers' facility. Post-COVID, it has transformed to offer budget-friendly accommodation that aligns with modern travel trends.
Spanning two properties totaling 1,468 square meters, this guesthouse features two fully-equipped houses, along with additional outbuildings to accommodate double rooms and extra lodging options. Currently a functioning enterprise, it is being sold fully furnished.
This property exudes rustic charm and offers ample space for various ventures. As the original structure, with some tender loving care, it can easily adapt to multiple income streams, including a wellness center, step-down facility, student accommodation, or Airbnb rentals. Its prime location is just a short distance from several hospitals, including Millpark, Helen Joseph, and Charlotte Maxeke, as well as 3-4 km from the University of Johannesburg's main campus and 2 km from the City Campus shopping center, with convenient access to bus routes.
Melville House can host up to 66 guests at once, divided into various configurations, including dormitories and private en-suite rooms.
Current accommodations feature:
- Four spacious dormitories with a capacity for 35 individuals, including separate male and female sections, plus a six-sleeper dorm for smaller groups. Shared bathroom facilities are provided, along with lockers for personal belongings.
- Three family rooms with a double bed and bunk beds, comfortably sleeping four people per room, and all en-suite.
- Six en-suite double rooms equipped with showers and toilets, accommodating up to 12 guests.
- Additional double rooms sharing ablution facilities (five showers and five toilets).
- Two kitchens and two dining areas.
- A pool, bar area, and recreational facilities with a garden.
- An outside storeroom and laundry facilities.
- A rental solar system and water backup tanks.
The current owner is pursuing other projects and no longer has the time or capacity to manage the business, prompting the sale.
The asking price is R5,749,000, negotiable depending on sale conditions.
For further details, viewings, or any inquiries, please don’t hesitate to reach out. We are here to assist you in any way possible!