R 6 000 000
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Commercial space in Germiston South

37 14 15 2 643 m²

This Residential property is currently operating as a motel, offering short and long term accommodation

This thriving business offers a unique opportunity for investors and entrepreneurs, sold as a going concern.

It offers 3 houses, 2643 Square meters, 37 rooms, 14 Bathrooms, 5 Kitchens, big dining area, lounge, and the bar, that has large sitting area inside and outside.

Prepaid Electricity fitted for each room.

Zoned for Residential 4

Currently - 4 flats, 9 double rooms, 14 single rooms, and 4 rondawels plus the bar they making approximately a net income of R180,000 a month

- Accommodation for short-term, long-term, and permanent residents

- Registered with reputable booking agencies .

*Amenities:*

prepared breakfasft served daily

- Daily room cleaning and weekly laundry services

- Secure inside parking behind a remote-controlled gate

- Fully licensed bar, that accommodate a capacity for 50 patrons, featuring:

- DSTV premium with live sports on big screen TVs

- Live entertainment

- Bar lunches

- Braai area

Gross return on investment 28.5%

Net Return on investment 20.22%

This property is situated closer to public transport, shops and schools, making it Ideal for BnB, student accomodation and rooms for rental

Investors this is a lifetime investment

Property details

  • Listing number T4761809
  • Property type Commercial
  • Listing date 23 Aug 2024
  • Land size 2 643 m²
  • Rates and taxes R 26 192

Property features

  • Bedrooms 37
  • Bathrooms 14
  • Open parking 15

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