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R 9 500 000 | business property for sale in norton home estate

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Property Description

This Commercial Property in Benoni northern suburbs will suit almost any entrepreneur. The property consists of a 16 bedroom upmarket boutique hotel with dining facilities for 40 patrons. There are 3 conference rooms and multiple pubs and service areas. Outside is a beautiful pool and boma for those vibrant team building braais. You will not find a better proposition!!!!!!!! Call now this is excellent value for money. The property consists of three buildings, main (double storey) reception area with restaurant and kitchen area and 6 executive rooms, and the second building a conference building with bar area, and finally another double storey wing of 8 presidential suites. Buildings are approximately 1838m2 and total land 8,565m2, 4,760m2 is still undeveloped. There is ample parking (two per room), covered as well as open. Current facilities can handle up to 350 guests during events. There are 2 diamond (standard), 8 executive and 6 Presidential suites. All have en-suite bathrooms, separate toilets and the presidential suites have a small lounge and shower as well as a bath in the bathrooms. The establishment is furnished as if a going concern but has been decommissioned for approximately five years. There is also a new conference centre, 326m2 with three syndicate rooms and a kitchen and reception/bar are and 6 toilets, which needs finishing and fitting out. All furniture and fittings and linen are available seperately. It is valued at R3m and include furniture and beds and linen, cutlery, safes and TVs and bar fridges in the rooms. Security includes a guard room, a security/camera system and a card type access system. Aircon units are installed in every room and centrally throughout the complex. All services are council connected and taxes are minimal. Plans have been drawn up for additional 12 rooms and there is vacant land of 4,000m2 to be used for expansion, parking or gardens etc. There is also a small dam which can be incorporated into a garden for photoshoots or meditation patch. This property has endless opportunities!!!!!!! On top of everything else there is another 20,220m2 of land available with a huge home suitable for a guest house next door. At the right price this can be added to the deal. Don't Delay this will not stay for long. Call a friend or a family member and come look and buy, it only happens once in a lifetime. Location is excellent on a quiet, built-up road, and access to N12, R23, OR Tambo Airport as well as Boksburg, Benoni, Kempton Park, Johannesburg and even Mpumalanga is easy.


Property Details

Property Features16 bedrooms, two conference areas, restaurant/dining area for 40 guests, ladies and event bar rooms, pool, boma, airconditioners,, Number of Floors: 2

Purchase Price R 9 500 000

Type of PropertyBusiness

Last Updated16 Oct 2020

Property Location

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