R 11 500 000
R 13500000 (-15%)
property zoned for hotel boutique with astounding view in Observatory
Property Info
Amenities
Property Description
It already contains four family cottages and conferencing facilities. Total development costs are estimated at R3 million to create a full going concern.
The projected return on investment is pe
The projected return on investment is pegged at 15 months.
Situated in Observatory , 4 mins drive to OR Tambo airport, 2mins drive to Net Care hospital, Bedford Centre Mall and East gate Mall.
There are additional zoning and building approvals of City of Johannesburg in place and available for review.
Current features include 50 bedrooms/25 bathrooms/swimming pool, terrace/deck/kitchen/dining view/ satellite/ loads of parking/balcony/storeroom/garden/security/automated gate
Deed of Sale/Rental and offers all welcome!!
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Location
71 Observatory Road, Johannesburg, Observatory, Johannesburg, Gauteng