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Commercial Property for Sale in Winchester Hills

Winchester Hills, Johannesburg
  • Floor Size 600 m²
Well Eastablished Lodge For Sale
This well-maintained 4-Star Lodge is located in Winchester Hills South of Johannesburg and has been in service for the past 18 years. The Lodge is centrally located to the FNB Stadium, Gold Reef City, The Apartheid Museum as well as The Johannesburg city centre. The Lodge is built on two adjacent stands which are 2,400 square meters in total. It currently has 25 ensuite bedrooms, 30-seater Dining Room, 2 Kitchens, Reception, Manager's Apartment, Workshop, Laundry and secure off-road Parking for 30 cars. With an annual net profit of R1,3 million (2018) the lodge mainly services business travellers to Gauteng and domestic visitors looking for weekend getaways. The Lodge has an annual current average occupancy rate of 60% with the average rate per room ranging from R700 per night for the deluxe suites to R1,300 per night for the Luxury suites. The owner is currently Read more

Property Overview
Type of Property
Commercial Property
Listing Date
25 August 2019
Erf Size
2 400 m²
Floor Size
600 m²

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Bond Costs

R 101 327 p/m


Interest rate:
10%

Period:
20 years

Deposit:
0

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