Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 45 000 000

Commercial Property for Sale in Paradiso

Lombardy Boutique Hotel AND Spa 1 Cole Street, Paradiso, Pretoria

2 000 m²

NO TRANSFER DUTY

Contact Brokers

5 star lombardy boutique hotel and spa for sale

The prestigious Lombardy Boutique Hotel & Conference Centre is for sale.

Price: R46m excluding VAT

Located in Pretoria New East, 2km from Silver Lakes Golf Estate,

the new Linton’s Corner shopping centre and 10min from Menlyn Square Casino,

surrounded by all the most important amenities like

schools, hospitals and 3km from the Solomon Mhlangu offramp.

The price of R46 000 000.00 excludes VAT and if purchased in a commercial VAT registered entity, the full VAT amount can be claimed from SARS, saving +-R5 000 000.00 in transfer duty.

The property consists of:

- 4.2 ha land

- 5 Star Hotel

- 5 Star Spa with secure tenant paying R150 000.00 excluding VAT monthly

- Hotel consist of:

22 x Luxury on suite rooms with air conditioning, bathroom and kitchenette

with presidential and honeymoon suite with private garden,...

The prestigious Lombardy Boutique Hotel & Conference Centre is for sale.

Price: R46m excluding VAT

Located in Pretoria New East, 2km from Silver Lakes Golf Estate,

the new Linton’s Corner shopping centre and 10min from Menlyn Square Casino,

surrounded by all the most important amenities like

schools, hospitals and 3km from the Solomon Mhlangu offramp.

The price of R46 000 000.00 excludes VAT and if purchased in a commercial VAT registered entity, the full VAT amount can be claimed from SARS, saving +-R5 000 000.00 in transfer duty.

The property consists of:

- 4.2 ha land

- 5 Star Hotel

- 5 Star Spa with secure tenant paying R150 000.00 excluding VAT monthly

- Hotel consist of:

22 x Luxury on suite rooms with air conditioning, bathroom and kitchenette

with presidential and honeymoon suite with private garden, sitting room, fireplace.

Includes minibar, DSTV, air conditioning in all suites, lock safe in each room and Wifi.

2 x private conference rooms.

1 x dining area with patio and breakfast outdoor area.

1 x private dome clay brick dining room and wine collection cellar.

1 x jacuzzi and wood fireplaces in the dining areas

1 x restaurant kitchen and laundry facility

1 x office with reception area

1 x large wedding reception/conference hall that can seat 200 guests

1 x gazebo and clock tower

1 x courtyard with water feature

40 x parkings

- Spa consist of:

Spa reception and dressing area

Treatment rooms

Pool and entertainment area

Kitchen and lunch reception area

Staff quarters

40 x parkings

Long term established tenant with long term extended lease agreement

R150 000.00 excluding VAT rent per month

Sale does not include the spa furniture, stock and equipment

No long term or fixed contract with suppliers. New owner may appoint own service providers.

Facility needs attention.

All facilities on one level – no lifts.

Wheel chair friendly.

Listing number: P24-114720485, Image number: 1, SPA

Listing number: P24-114720485, Image number: 2

Listing number: P24-114720485, Image number: 3, HOTEL

Listing number: P24-114720485, Image number: 4, HOTEL

Listing number: P24-114720485, Image number: 5

Listing number: P24-114720485, Image number: 6

Listing number: P24-114720485, Image number: 7

Listing number: P24-114720485, Image number: 8

Listing number: P24-114720485, Image number: 115

Property Overview

Listing Number

114720485

Type of Property

Commercial Property

Street Address

LOMBARDY BOUTIQUE HOTEL AND SPA 1 COLE STREET, Paradiso

Description

Hotel

Listing Date

27 July 2024

Availability Date

26 July 2024

Erf Size

42 000 m²

Floor Size

2000 m²

No Transfer Duty

Yes

Zoning

General Residential

Facilities

Bedrooms

22 X HOTEL ROOMS. EXCLUDES THE SPA ROOMS.

Bathrooms

Kitchens

External Features

Parking

Open

Building

Building Name

LOMBARDY BOUTIQUE HOTEL AND SPA

Gross Lettable Area

2000 m²

Building Grading

B Grade

Style

Tuscan

Facing

North, West, Mountain View

Roof

Tile

Wall

Plaster, Stone

Window

Steel , Wood, Aluminium

Standalone Building

Yes

Number of floors

Backup Water

Borehole

Water Tank

Other Features

Security

24 HOUR GUARDS CCTV CAMERAS WITH FENCE

Temperature Control

40 X AIR CONDITIONING UNITS

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Wheelchair Accessible

Yes

Generator

Yes

Backup Water

Yes

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

View Breakdown

What do I qualify for based on my income?

What are the bond and transfer costs?

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.