Guest House for sale in Northgate, Randburg

A BUSINESS GEM IN THE GREATER FOURWAYS!!

The buildings and land of Blandford Manor Conference Centre and licenced restaurant, a country-style property located in the centre of a high-density residential area in North Riding, are for sale. This Property was evaluated by First National Bank at R17 500 000. Inclusion of the business in the sale is an optional add-0n and the purchaser will be welcome to continue to run the business out of the property, however the sale must be based on the purchase price of the buildings structure and Land.
The owner is asking R17 500 000, but will consider written offers from R14 500 000 on a zero VAT rated, business-to-business transaction. The Selling Price is not negotiable Under R14 500 000.


THIS GREAT BUSINESS GEM CONSISTS OF THE FOLLOWING:

2 fully Equieped conference building,3 Offices,out buildings that are tenented (running small businesses) paying about R50 000 a Month.

38 428 sqm of land with buildings approximating 2 000 sqm under roof. It has municipal Consent Use to run a conferencing business as well as a restaurant with a liquor licence (which the purchaser could renew after transfer of the property) that is well-supported during the week and attracts up to 300 patrons on Sundays.

FEATURES:

Located on the corner of Hyperion Drive and Blandford Road. There are three entrance gates on Hyperion Drive. A fourth entrance could be installed on Blandford Road.
Potential for sub-division.
An industrial kitchen supports two conference centre buildings, the Wild Goose restaurant and the pizza hut.

ONE BIG RESIDENTIAL HOME: Three bedrooms, swimming pool. Pool table (family) room. Study. Large, combined dining room and lounge. An outside maisonette room (bedroom, shower room plus a separate and combined lounge and kitchen). Large workshop. Numerous carports. Three garages and Outside cottage that can stil be Rented out for Extra Income.

Three additional buildings housing various types of small businesses (paying tenants).
Offices and a storeroom.
Stream and dam
76 Solar Panels.
1 x 25 KVA Generators.
3 x boreholes.
3 x pumps that drain water out of the river when required.
2 x 30 000 litre water tanks, each with booster pumps and a switch over system.
2x Garages at the residential home.
Secure, off-road parking for up to 200 vehicles.
Alarms, cameras and CCTV.



THIS IS A GEM CONTACT ME NOW TO ARRANGE FOR A VIEWING.