R 28 000 000 | business property for sale in putfontein

This unique events venue property in Benoni's northern smallholdings will suit a creative and energetic entrepreneur. The property consists of a 17 bedroom upmarket boutique hotel combined with an events venue with 3 themes:.African(Bayete), Mediterranean (Biscaya) and Caribbean(Tahiti). It offers short term accommodation for leisure and business travellers, events accommodation for batchelor's and 21st birthday parties as well as wedding accommodation with accompanying catering facilities, complete with a fully licensed bar, and even Sunday sit down lunches through its two full kitchens and dining facilities. Not to mentioned corporate events and conferences. There are 3 distinctly the different events venues, even with water surroundings and finally an open air venue with small gazebos and band platform around the pool) with supporting facilities such as bars, bathrooms and photographic spots, and a huge pool complete with pool bar and even a huge parking area which can be a drive-in movie theatre. There are too many other features to mention. You will not find a better proposition!!!!!!!! Call now this is excellent value for money. The entire property is walled in and secure, and has an income projections exceeding R2m per annum from events and food and drinks at exceptionally high margins. Buildings are approximately 2,285m2 and total land 25,594m2, and there are lots more which can be developed as accommodation and venues to complement the existing facilities. There is ample parking (two per room), covered as well as open. Current facilities can handle up to 1,000 guests during events. The establishment is furnished and sold as a going concern but has been decommissioned since the beginning of lockdown. It also has unutilised land and drafted plans for expansion available to prospective buyers. A recent independent valuation recently valued the improvements at R24,5m and replacement value at R33m. All furniture and fittings and linen are included as well as a 110kwH generator. There is a 500m2 homestead, manager's condo and office block with boardroom and toilets. All services are council connected and taxes are minimal. This property has endless opportunities!!!!!!! Its registered in a private company that can be bought, saving millions of rands in transfer duties/VAT. 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 road, 20Km from OR Tambo Airport and access to Boksburg, Benoni, Kempton Park and Johannesburg is easy. Even Pretoria is not far.