R 10 500 000 | guesthouse property for sale in winchester hills

This well-maintained 4-Star Lodge is located in Winchester Hills South of Johannesburg and has been in service for the past 18 years. The Lodge is centrally located to the FNB Stadium, Gold Reef City, The Apartheid Museum as well as The Johannesburg city centre. The Lodge is built on two adjacent stands which are 2,400 square meters in total. It currently has 25 ensuite bedrooms, 30-seater Dining Room, 2 Kitchens, Reception, Manager's Apartment, Workshop, Laundry and secure off-road Parking for 30 cars. With an annual net profit of R1,3 million (2018) the lodge mainly services business travellers to Gauteng and domestic visitors looking for weekend getaways. The Lodge has an annual current average occupancy rate of 60% with the average rate per room ranging from R700 per night for the deluxe suites to R1,300 per night for the Luxury suites. The owner is currently relocating and want R 10 500 000