R 9 400 000 | guesthouse property for sale in arcadia

TODAY A VIBRANT COMMUNE AND THE FOOTPRINT FOR TOMORROW'S HIGH RISE BUILDINGS. Lucrative investment opportunity. This delightful property is set in the heart of the rapidly transforming suburb of Arcadia. Properties of equal magnitude seldom make it onto the open market. Currently an income generating commune for students and is perfectly situated in an area where single story buildings are snatched up and transformed into high rise blocks of flats. Consolidated erven in this area are incredibly valuable and are in great demand. 32 bedroom student accommodation is in the heart of Arcadia where most everything revolves around students and their every need. Accommodation within close proximity/walking distance of the University of Pretoria and the Unisa Muckleneuk campus is always filled to capacity. Arcadia and Hatfield surrounds cater for the student's grocery requirements, banking needs bookshops and so too their night life with an abundance of restaurants, clubs and bars. - Special zoned - Financials available on signing of Non-Disclosure Declaration for qualified buyers - Takeover of shares for easy transfer of ownership - Approved plans MAIN FEATURES: The subject property initially consisted of two separate erven but has now been consolidated into a single erf with six individual improvements: 1. Flamink: 11 bedrooms and 4 bathrooms; 2. Albatros: 14 Rooms (2 en-suite), 4 additional bathrooms, lounge, dining room area and kitchen; 3. Kiewiet: Flat with bedroom, en-suite bathroom, kitchen, lounge, dining room and laundry; 4. Piet-my-vrou: Flat with bedroom, kitchen, lounge and bathroom; 5. Tarentaal: Flat with bedroom, bathroom and kitchen; 6. Houtkapper: House with 4 bedrooms, 3 bathrooms, kitchen, dining room, lounge with fire place and laundry. - All rooms are equipped with a bed, desk, chair and built in cupboards. - x 3 Laundries with washing machines. - x 3 Communal areas with DSTV and lounge suites. - Braai area. - x 1 Large communal swimming pool. - Electronic access control at all access points. - Gas geysers. - 32 Parking bays. - Wifi IN CLOSE PROXIMITY TO: - The University of Pretoria - SAPS Sunnyside - The Union Buildings and many other historic places of interest - Numerous Embassies and High Commissions - Hatfield Gautrain Station and other public transport - Excellent schools - Hospitals and medical centres - Loftus Versveld rugby stadium - The State Theatre - Elegant upmarket restaurants and pubs - Large variety of shopping centres and specialised craft markets - Major highways and arterial routes Secure an exclusive appointment.