🌟 Exciting Investment Opportunity in Melville!🌟
Discover the potential of this thriving 17-room budget guesthouse in the vibrant Melville area of Johannesburg! Perfect for savvy investors, this property offers diverse revenue streams and comes fully furnished and can be accommodated and used and converted for student accommodation which is in high demand.
🏡 Melville House has a rich history as a backpackers' favorite and has adapted to modern travel needs post-COVID. Spanning 1,468 sqm, it includes two residences and additional structures for double rooms, accommodating up to 66 guests!
✨ Key Features:
- 4 dormitories (35 beds) + 6-sleeper dorm
- 3 family rooms (sleep 4) with en-suite bathrooms
- 6 en-suite double rooms
- 2 kitchens, dining areas, pool, bar, and recreational spaces
- Solar system and backup water tanks
Located near hospitals, the University of Johannesburg, and shopping centers, this guesthouse has significant potential for repurposing into wellness centers, student housing, and more.
The current owner is shifting focus, making this a prime opportunity! Offers are negotiable.
Grab this opportunity and be a suitable facility for the onset of student enrollment of 2026.
For details, viewings, or inquiries, reach out to us today! 📞✨
