11 Bedroom House in Morningside, Sandton For Sale for R 7,999,000 #1909972

Property Details

A wonderfully located 10 letting apartment/bedroom guest house. Tucked away in the heart of Sandton 3.4km, from Sandton City. This successfully

owner operated business, operates 12 months per year. Very little on hands attention required as all rentals are month to month.

Each apartment is self-catering and serviced once a week with very well trained staff.

It benefits from full separate accommodation facilities for owner’s, staff and guard room.

In addition the property is situated on a corner stand surrounded on the outside by a 3.5m high double wall with covered parking for 15 vehicles.

The beautiful well maintained garden with large swimming pool is visited by many different bird species.

Situated 3.4km away from Sandton City. This location takes advantage of the high influx of business people and tourism coming to Sandton city.

Sandton is the economic hub of South Africa, as evidenced by the modern skyscrapers that dominate its skyline.

Many multinationals choose Sandton as their location of choice, and some of the country’s largest companies, including Investec, RMB, Sasol, JSE and many more, are based here. It is also home to top hotels (including the Michelangelo Hotel, The Maslow and The Hilton) many eateries, and the Gautrain’s direct link to OR Tambo International Airport adds to Sandton's appeal.

Sandton has truly staked its claim as an economic hub and the richest square mile in Africa.

The Sandton Garden Stay Over guest house has been owner operated for nine years and started in 2010(Soccer world Cup) with three small apartments. This establishment has earned itself a fine reputation and boasts a 95% occupancy rate. This easily operated business is open for 12 months per year. Very little on hands attention required as presently all rentals are month to month and each bedroom is fully self-catering and serviced once a week with very well trained staff.

Potential other business opportunities

This establishment could easily be used as a boutique Hotel or B&B at no extra cost. Presently rental rates are much lower than the existing rates for this area.

There is approval for the property rezoning to Residential 3 for the development of 10x160m² apartments max three story. Each could be sold as sectional title units.

All rooms are fully furnished and equipped for self-catering, include stove, kitchen utensils , fridge, Queen beds (L 1900m x W 1500m)., linen and most have a washing ,machine.

Bathroom on suit, includes towelling basins, shower, and toilet, most have a bath.

32” HD TV's with access to DSTV (2 Channels MNET and other) and SABC1, SABC2, SABC3 and eTV.

Separate entrance

Electricity meters in each room.

Access to wireless FTTH Fibre(100Mbps) internet access.

Sizes

Apartment 1 - 36m²

Apartment 2 - 26m²

Apartment 3 - 24m²

Apartment 4 - 15m²

Apartment 5 - 19m²

Apartment 6 - 36m²

Apartment 7 - 38m²

Apartment 8 - 43m²

Apartment 9 - 37m²

Apartment 10 - 28m²

Owner accommodation(11)

Size - 107m²

Reception/lounge/dining area, bedroom, bathroom, large kitchen and a gym/CCTV/DSTV decoders control room.

Other areas

Laundry room - 12m²

Staff room - 11.6m²

Store room - 9m²

Work room - 13m²

Guard room - 12m²

Facilities included

Water supply backup. Pressure pump will auto supply if City Council has water problems.

Load shedding electricity backup via 7.5Kva generator if required.

Communal swimming Pool

Braai facility

Installed at strategic positions 10 CCTV Surveillance cameras, accessible via WiFi from your cellphone, PC or TV (4 week backup recordings).

24-Hour emergency on call Security with guard room at property entrance.

Costs

Rates – R3,200.00/month

Water – R5000.00±/month

Electricity – R6,000.00±/month

Wages – R20,000.00±/month

Operating – R10,000.00±/month

Income

Rentals – R7,500.00±/Unit/month

Actual trading accounts will be made available following a formal successful viewing

Property Features

  • Property Type House
  • Beds 11
  • Bath 11
  • Garages 11
  • Pool Yes
  • Stand Size 2,000m²
  • Staff Quarters 1
  • Living Areas 11

Associated Costs

  • Rates & Taxes ± 3200

Location

Enquiry

Interested in House For Sale? Please fill in your details below, and we will contact you as soon as possible.

Agent Details

Gina Steele

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