This landmark property, widely recognised and well established Premier Hotel in Fordsburg is for sale. The building has a basement, ground floor with five retail tenants, 5 floors, and a rooftop. There are 28 rooms, 30 bathrooms, 28 open plan kitchens, dining and lounge areas. Offices and reception area. There are 18 parking bays, and signage for advertising. The rental income per month at a 70% occupancy rate is between R 400 000.00 - R 450 000.00. The property is sold with approved building plans, all the furniture and as a going concern with financials and clientele to serious and qualified buyers with a non-disclosure agreement in place.
30 Living Areas
Office to let.
5 retail stores
18 Parking bays
Easy access to main roads
In the centre of the business hub
In close proximity to Gautrain
Call Fazila to arrange your private viewing now!