Business For Sale in Braamfontein

Retail space in Braamfontein
The main building consists of the following:

a single lift/elevator that is serviced regularly by a lift company.
70 bedrooms with the following configurations:
.24 double rooms with private bathrooms (14 with a bath, toilet, and hand basin in each, and 10 with a shower, toilet, and hand basin in each),
. 5 single rooms with a hand basin in each,
. 40 single rooms with a shower and hand basin in each, and
. 1 triple room with a private bathroom (shower, toilet, and hand basin)
a large kitchen, which is fitted with two electric stoves, a canopy (with extractor fans), four gas burners, a pantry, wash-up basins, two linen rooms, and a walk-in cold room (currently not used)
a dining room, which can comfortably seat 120 people in one sitting and which is fitted with a bain-marie and food warmers
a television/sitting room
an office
a formal entrance lounge/reception area
two full bathrooms per floor (one gents and one ladies ablution facility per floor) and
a number of storerooms.

The other buildings consist of the following:
the Annex, located at the back of the main building, which consists of 20 bedrooms (16 single rooms with hand basins and 4 double rooms with hand basins, as well as one ladies and one gents ablution facility per floor) and
a building currently used for on-site staff accommodation, consisting of a large dormitory-type room, 3 smaller rooms, and ablution facilities.
Description of parking and security:
The property has two separate entrances, each with a lockable, manual entrance gate. There is secure parking consisting of 10 undercover parking bays and a number of open parking bays. The property is fully walled and secured.
Room sizes vary between 12m2 and 22m2, and the total floor area of the buildings is approximately 2920m2.

Potential Monthly Rental Income -R667 943.03