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Melville, Melville, Johannesburg, Gauteng
R 5 500 000
This exceptional 16-bedroom guest lodge in the heart of Melville presents a rare investment opportunity with massive development potential. Situated on a generous 1,500m² stand, approximately half of the property remains undeveloped, offering ample space to expand, build additional accommodation, student housing, cottages, conference facilities, or create a modern mixed-use hospitality development. Ideally located close to the University of Johannesburg (UJ APK Campus), the property enjoys strong demand from students, visiting lecturers, business travelers, and tourists seeking accommodation in one of Johannesburg’s most vibrant and sought-after suburbs. The existing lodge features 16 well-sized guest rooms with excellent income-generating potential, while the large open section of the stand provides flexibility for future growth and increased returns on investment. Property Features: • 16-bedroom guest lodge • Large 1,500m² stand • Approximately 50% undeveloped land • Prime development opportunity • Excellent location near UJ APK Campus • Strong rental and hospitality demand area • Ideal for expansion or student accommodation • Located in trendy and popular Melville This is a fantastic opportunity for investors, developers, or hospitality entrepreneurs looking to secure a high-potential property in a strategic location.
Estimated monthly repayment
R 51 938
on a R 4 950 000 bond over 20 years at 11.25%
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Melville, Melville, Johannesburg, Gauteng
Fair-value check
Priced highPriced 253% above comparable 2-bed houses for sale in Melville
Based on 21 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Sizwe Van der Merwe
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