3675 m² Hotel/Resort For Sale in Laudium

This unique hotel is perfectly located on a busy street in the heart of Laudium, a suburb on the western outskirts of the Pretoria CBD. The hotel is close to places of worship, schools and major roads.
The hotel provides accommodation to nearly 50 individuals and their families in both ensuite (25) and single bedrooms (22) each with bathrooms and toilet facilities and in addition there are potential facilities for conferences, functions such as weddings and engagements, a cinema as well as safe and covered parking for several vehicles.
There are also at least 15 long established businesses operating on the street fronts of the hotel ranging from an up market restaurant to hair salon, stationery and cellphone shops.
All the spacious rooms in the hotel overlook the streets below. The rooms are well insulated, have hot and cold water facilities, flushing toilets, bathrooms and showers. The sprawling complex also boasts a cinema, conference facilities and spacious and secure parking facilities.
The 3675sqm multi level building is located on a 7000sqm stand with it's main front on a busy road that links Laudium's two main roads, namely Jewel Street and 13th Avenue.
All the shops and rooms are currently let thus earning a sizable income for the current owner and based on this it is reliable to conclude that the return on investment is sound. There is also a potential growth in the income for the immediate future for the new owner based on upgrades that the complex require. Considering a modest upgrade to the complex can only mean a better return on investment for the new owners.
The building is solid and is in a sound structural condition. However, money spent on upgrading the cinema, covered parking, as well as the events venue, gymnasium and conference facilities will no doubt have a vast improvement on the potential earnings from this capital outlay.
The price is good, the current return on investment is good and the vastly improved earnings potential is enough reason to consider this purchase for both immediate gain and potential future earnings.
The maintenance that is required and the money spent will no doubt add to the overall investment potential and growth. This will also attract an improved clientele that would no doubt add value to the complex and at the same time raise the living standards of the surroundings.
The suburb of Laudium was created in 1961. The eastern portion of the original Claudius retained its name and has effectively become an extension of Laudium .
Claudius and Laudium straddles the R55 (Quagga Road), and parts of Second Avenue, Third Avenue, and Cuprene Street and R55 is often regarded as the dividing line between the two areas.
Laudium, now part of Centurion, has several places of worship, an assortment of primary and secondary schools as well as many businesses both big and small.

Centurion features modern shopping malls (Centurion Mall, Mall@Reds, Forest Hill), several entertainment spots, a theater, golf courses and a driving range. There are also several hotels including Irene Country Lodge as well as a plethora of smaller guest houses. The UNITAS hospital is the largest private hospital on the African continent (includes a helipad) and is part of the Netcare group. Technology companies like Aerosud, Accenture, Denel Dynamics, Siemens, SAAB Grintek Technologies, Telkom and others are located in Centurion. The Gautrain has a new station in Centurion and also has a gautrain bus service in the area.
The area is well situated with easy access to N14, N1/M1 as well as most major roads in Centurion, thus giving easy access to and from the complex.
Other shopping Centres in the immediate vicinity include Centurion Mall, Mall @ Reds, Route 55 as well as the Blue Valley Mall and Quagga Centre. The surrounding suburbs also have number of smaller shopping centres with the usual cafes and convenience stores. Sports facilities close to Laudium include virgin active gym, diving, blue valley golf club, karate, squash, tennis, badminton, wrestling, athletics etc.