Prime Location | Existing Luxury Guesthouse | Exceptional Development Potential
An exciting opportunity to acquire a prestigious property in sought-after Waterkloof, Pretoria, with the potential to develop an exclusive luxury boutique hotel.
Situated in Albert Street, this property offers an established foundation for a boutique hospitality business, combining existing luxury accommodation with the opportunity to expand and create a distinctive destination for discerning guests.
THE EXISTING PROPERTY
The current residence offers six luxurious en-suite bedrooms, providing an excellent starting point for a boutique guesthouse or hospitality establishment.
The property further boasts a swimming pool, established garden and beautiful views, creating an inviting setting for guests seeking comfort, privacy and an exclusive accommodation experience.
EXCEPTIONAL DEVELOPMENT POTENTIAL
Adding to its appeal, architectural plans are available for two additional buildings on the same stand. Each proposed building is designed to accommodate three luxury bedrooms, creating the potential to expand the accommodation offering from six to twelve bedrooms in total.
Subject to the necessary municipal approvals, land-use rights and building permissions, the completed development could offer an exciting opportunity to establish a luxury boutique hotel with twelve en-suite bedrooms across three separate buildings.
AN INVESTMENT WITH VISION
The property's combination of existing accommodation and further development potential makes it an attractive proposition for hospitality investors, entrepreneurs and buyers looking to establish or expand a premium accommodation business.
Potential opportunities include:
• Luxury boutique hotel or guesthouse
• Executive and corporate accommodation
• Premium short-stay accommodation
• Exclusive guest suites with privacy and individual character
PRIME WATERKLOOF LOCATION
Waterkloof is a prestigious Pretoria suburb, offering an appealing setting for premium accommodation, subject to local demand and the property's approved use.
Whether you are an experienced hospitality operator or an investor seeking a property with the potential to create something exceptional, this opportunity deserves your attention.
Existing luxury accommodation. Additional development potential. A vision for an exclusive boutique hospitality destination.
EXCEPTIONAL INCOME-GENERATING POTENTIAL
With an assumed average room rate of R2,000 per night and an illustrative occupancy rate of 70%, this property offers exciting potential for a hospitality investor.
Projected Gross Accommodation Revenue
• Existing 6-bedroom property: R252,000 per month | R3,024,000 per year
• Potential 9-room establishment: R378,000 per month | R4,536,000 per year
• Potential 12-room boutique hotel: R504,000 per month | R6,048,000 per year
The proposed expansion could create an opportunity to grow the business into a twelve-room luxury boutique accommodation establishment, subject to the necessary approvals and successful development.
These projections illustrate the potential scale of the opportunity. Actual revenue will depend on achievable room rates, occupancy, seasonality and the number of rooms available for trading.