Rare High Yielding Guesthouse In Sandton For Sale

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The two-bedroom apartment is fully self-contained, giving a buyer two options: occupy it personally and let the three luxury suites, or let all four units for maximum income. The property supports either strategy without alteration or additional cost.

Location:

4 Lulworth sits in a quiet, established pocket of Sandton that most buyers do not know exists. The suburb is access-controlled, with a single entrance under boom control from 18h00 — a level of privacy and security rarely available this close to the CBD. Top restaurants, bars and shops are within walking distance, and Benmore Shopping Centre and Sandton City are minutes away.Central enough for corporate and international guests. Quiet enough that they extend their stay.

Premises Details:

The property occupies a generous stand with a stream running through it, looking out over a small farm and bird sanctuary. The birdlife is exceptional and grazing cattle are visible from the deck.It is the only modern property we are aware of on Sandton CBD's doorstep with a genuine bush setting — safe, quiet and entirely private. This is the feature guests cite most often in reviews, and it is the reason the property's position cannot be replicated by a competitor at any price

Size in square feet:

Erf extent 914 m² (approximately 9,838 sq ft), with a further area of adjoining land held under exclusive personal use, bringing total usable ground to approximately 1,700 m² (18,300 sq ft)

Planning Consent:

The property is zoned Residential 1 and currently operates as short-term accommodation. A rezoning application to Residential 4 has been lodged as part of the sale process. On approval this formalises the guesthouse use and allows the property to be placed on a sectional title register and sold as four individually transferable units if that's your exit preference. Full detail and current status are available to qualified buyers on request.

Business Operation

Management type:

This business has absentee ownership.

Expansion Potential:

Entry yield is approximately 9.7%. Two uncaptured levers take it to between 12% and 13%, one of them at no cost at all.Unused capacity — R9,000 to R15,000 per month, zero capital outlay.The apartment is a two-bedroom unit sold at one-bedroom rates. The second bedroom is built, finished and furnished, held back only for ease of remote management. Bringing it to market adds R108,000 to R180,000 a year at minimal operating cost, lifting the yield to between 10.9% and 11.7% on its own. No renovation, no capital, no delay.Air conditioning — R90,000, opening a market the property cannot currently reach.Suites 1 to 3 are not air-conditioned. On the major booking platforms this is a search filter rather than a preference: guests who select it never see properties that lack it. The property is therefore invisible to a large share of the corporate and international travel market rather than merely less competitive within it.Across three suites at current occupancy, a 10% to 15% nightly rate uplift is worth R97,000 to R146,000 a year — recovering the R90,000 outlay inside twelve months and lifting the yield to between 10.6% and 11.2%. Additional bookings won from restored platform visibility sit on top of that.Together, R90,000 of capital moves the entry yield from approximately 9.7% to between 12% and 13%.Beyond income, rezoning to Residential 4 places the property on a sectional title register, allowing the four units to be sold individually at retail pricing well above bulk going-concern value.

Competition / Market:

Sandton has no shortage of accommodation — and almost all of it is high-rise, corporate and interchangeable. 4 Lulworth competes on something none of it can copy: a modern luxury property in a genuine bush and water setting, minutes from the CBD. That advantage is a function of position rather than operation, which means a competitor cannot buy their way into it. It is what drives the occupancy and the review scores, and it is why guests who want Sandton's convenience without Sandton's noise have very few alternatives.

Reasons for selling:

The owner has relocated to Cape Town and is concentrating on other business interests. The property is trading well and is offered as a going concern, not as a distressed sale. The objective is to hand it to an owner who will operate it to the same standard.

Employees:

1 Full time, 2 part time

Years established:

6

Other Information

Support & training:

All booking channels, operating systems, supplier relationships and staff transfer with the business, allowing a new owner to take over with no downtime.
The current owner will provide a structured handover covering channel and rate management, guest operations, and supplier arrangements, and will remain available for an agreed period following transfer to ensure a seamless transition.

Furniture / Fixtures value:

R1,100,000 - included in the asking price

Inventory / Stock value:

R100,000 - included in the asking price

Website:

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Home based:

This business can be run from home