Pam Golding Properties

Commercial business for sale in Eikenhof

Commercial business for sale in Eikenhof - 1GV1724926
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  • South Africa
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  • Gauteng
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  • Johannesburg South
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  • South West Suburbs
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  • Eikenhof
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  • 1GV1724926

R20,000,000
plus VAT thereon

Erf 18661 m²

Expenses

Rates and Taxes: 
R13,641 per month
Dustbin: 
R588 per month
  • Alternate Water
  • Garden
  • Pool
  • Country Living
Listing #: 1GV1724926

Jo'burg South: Multi-feature 3-star country hotel, events & conference venue

Show-casing a veritable jewel of the Johannesburg South area and a landmark boutique country style 3-star hotel in a Georgian architectural-styled hotel buildings first established over some 79 years ago.

Presently housing the hotel, events and conferencing venue of the well-known Lido Hotel, this landmark property has the qualities of a heritage site.

With 24 tastefully furnished and recently refurbished guest rooms each en suite, a baronial entertainment banquet room with special wood-sprung dance floor, breakfast room, bar, reception desk and the massive attractively tiled outdoor lapa with centred fire-pit for outdoor informal events & concerts, the hotel entrance exudes its Georgian-class the moment one enters the double volume reception portal. At the pool-side or just walking in the plush gardens, one feels the vibe of timeless relaxation and tranquility.

Add the bespoke bright airy conferencing cum banquet rooms' options at the Penny-lane, which can double up as a wedding chapel, and Jacksons Drift Annexe buildings with 60 open parking bays available for guest parking, the seasoned conference and events organiser will know that the well-resourced facilities are the foundation of successful and profitable conferences, memorable weddings and celebratory events. The latter 2 buildings and main parking area are outside of the hotel property and a favorable long-term rental solution will be negotiated.

The hotelier's food and beverage department has 2 full kitchens of electric and gas stoves, a built in refrigeration room and freeze-room, backed up supplies of crockery and functional catering equipment to provide a la carte meals and/or buffet catering.

Currently the present hotelier operates non-alcoholic bar services due to their Muslim religion. This may change with new ownership of the hotel operations and enhance revenue prospects exponentially.

Additionally arranged good security through CCTV monitoring, driveway entrance guarding with security reaction are in place. Water security is guaranteed through Jojo tanks for water back-up with own borehole pumped water to irrigate the expansive gardens. Solar-power back-up is being planned to rely less on expensive fuel-generators.

The 3 self-catering flats are of equal standard to the hotel and are fully rented. Self -storage garage -style units are almost fully let and potentially derives R 50K per month in passive revenue.

Current hotel & conference center owners are inviting bids for their highly successful hospitality business.

PGP Commercial invites venture capital-interest with seasoned hospitality entrepreneurs and operators to engage on this long term opportunity at the Lido.

Listing details

Rooms

    • 1 Bedroom
      • Main Bedroom
      • Furnished main bedroom with carpeted floors, ceiling fan, curtains, fitted safe, queen bed, tea & coffee station and twin beds
    • 1 Bathroom
      • Bathroom
      • Bathroom with basin, bathroom wall heater, shower over bath, tiled floors and toilet
    • Other rooms
      • Entrance Hall
      • Furnished entrance hall with blinds, double volume and tiled floors

Other features

    • Complex
    • Restaurant
    • Roof
    • Concrete, flat roof with skylight
    • Walls
    • Plastered walls
    • Windows
    • Steel windows
    • General building features
    • Led lighting and wi-fi
    • Commercial facilities
    • Bed & breakfast, conference centre and restaurant
    • Boundary
    • Hedge, palisade fence, vibracrete boundary
    • Exterior features
    • Backup generator, boma, braai, courtyard, covered patio, firefighting equipment, outside shower, staff accommodation, terrace, thatch lapa, water pressure pump and water tank
    • Garden
    • Landscaped garden with shed
    • Irrigation
    • Borehole
    • Pool
    • Chlorine, communal, swimming pool including cleaner
    • Security
    • 24 hour manned security 24 hour response, automatic gates, cctv cameras and guard house
    • Other
    • Cellular coverage, electricity, geyser, rainwater harvesting equipment and solar heated geyser

I'm your local property expert in Eikenhof, South Africa

Alec Lau

Alec Lau, your local property expert in Eikenhof, South Africa
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Alec Lau

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Registered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Aspen Estates (Pty) Ltd t/a Pam Golding Properties Alberton, New JHB South
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BackCommercial business for sale in Eikenhof

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