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Sandton Boutique Hotel And Restaurant In Sandton For Sale

Sandton, Gauteng, South Africa
Asking Price:
R12,000,000 Furniture / Fixtures included
Sales Revenue:
R8M - R15M
Cash Flow:
Available on request

Exquisite boutique hotel in Rivonia, Sandton for sale.
21 beautifully appointed rooms, two conferencing facilities which can host up to 50+ delegates, a 200 square metre fully equipped restaurant and commercial kitchen with seating for 50 patrons inside plus al-fresco dining for 30+ covers outside make up this acreage property. Fixtures and fittings are a cut above the competition and the double volume entrance and winding staircase are simply divine. The business has a solid corporate client base built up over the past 10 years as well as attracting leisure guests both locally and internationally. The property also has the benefits of day time solar power, a filtered borehole with 5000 litre tank and a 125 kw diesel generator to ensure that service is never negatively effected by municipal outages.

The property is also up for for sale separately for R45m (excluding VAT).

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Leasehold Rent:

2.7m per annum

Living Accommodation:

The Gallery Room could be converted into an on-site managers residence separate from the main building.

Location:

Located in the suburb of Rivonia within close proximity to the business hubs of Sandton, Sunninghill, Woodmead and Waterfall.

Business Operation

Expansion Potential:

There is land to build further rooms at the bottom of the site as per the coverage quota for commercial property.

Reasons for selling:

Owner emigrating.

Trading hours:

24/7 x 365

Employees:
22
Years established:
10

Other Information

Furniture / Fixtures value:
R3,000,000 - included in the asking price
Website:
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