2554 m² Hotel/Resort For Sale in Arcadia

On offer is a 3-star hotel, with street-facing retail property and 40 parking bays in Pretoria; the capital city of South Africa.
Situated in Arcadia; bordering Pretoria Central Towns, this charming 3-star hotel offers a combination of contemporary finishes and distinctive rotund designs. Each room has been furnished in its own unique style and all rooms are en-suite. All rooms are equipped with air conditioning, a TV with selected satellite channels, a safe and tea-and-coffee-making facilities or fully-fledged self-catering kitchen.
The hotel is ideally positioned between Louis Pasteur Private Hospital on the one side and Mediclinic Medforum on the other side. It is one (1) street block away from the Tshwane University of Technology Central Campus - lending it ideally for re-purposing as student accommodation..
Facilities include 58 spacious rooms (including a presidential suite and penthouse on the top floor), an oriental restaurant on the reception floor, lift to all floors, state-of-the-art conference facilities and a rooftop entertainment area (with a snack bar, swimming pool, gymnasium and his & hers sauna rooms).
The hotel is offered for sale with all furniture and fittings.
On the ground floor in the street corner is a retail space with 565 sqm lettable space.
Secure first floor under floor parking for 20 vehicles with easy access to the reception area with concierge services. There is a further 20 shade-cloth covered parking spaces one level higher up offering extra security to hotel and restaurant guests.
This opportunity offers lots of potential. Details will be discussed with interested parties.
Floor plans and detailed asset lists available on request against the signing of an NDA.
The Seller is a registered VAT vendor in terms of the Value-Added Tax Act.