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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
R 7 800 000
9 Bedroom guest lodge and conference facility, plus 3-bedroom house with cottage. Serene, tranquil and hidden away from the hustle and bustle of everyday life, this gem is situated in the heart of Midrand, central to Pretoria and Johannesburg. The property is privately owned, but sold together with a well-known B and B, already booked up to December. The turn-over is currently R1.86 million per annum, providing a six-figure income per month. The 9 king size guest rooms all have en-suite bathrooms and tastefully furnished. The guest lodge is sold with all the furniture. The guest house reception area offers a spacious dining room, fully equipped kitchen, gym, massage area and guest shower and -toilet. A patio leads out to the guest pool and bar area. The conference room is fully furnished, including a projector, pool table and lounge suite. The main three-bedroom, two-bathroom house and cottage is equally tasteful, neat and well maintained, with its own private pool. The landscaped garden is well-maintained and provide tranquil spaces to relax in. The water to the property is fully supplied by a strong borehole with a fitted pump. Water is off the grid and a 5kva inverter provides back-up power. There are lightning protection poles and sprinklers. The thatch roof and conference room floors have been newly renovated. Security is excellent, with electric fence, CCTV, electric gates and fully walled. 24/7 patrol by trusted security companies provide further security. This is a once-in-a-lifetime opportunity not to be missed at this price! Viewing by appointment only.
Estimated monthly repayment
R 73 658
on a R 7 020 000 bond over 20 years at 11.25%
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Glen Austin Ah, Glen Austin Ah, Midrand, Gauteng
Listed by
Deon Mabunda
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