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361 Main Avenue, Ferndale, Randburg, Gauteng
R 7 490 000
This Hotel packs a punch with a Borehole for water, a long-term company tenant, overnight accommodation, long- and short-term residents, and online bookings. There are 42 beds in total, with occupancy at approximately 70%. It has 2 floors, with an unused lift shaft, should you require it A restaurant and licensed bar will bring in additional revenue. The bar often hosts sports viewing get-togethers and socials. This Hotel is a landmark in the area and continues to serve its occupants.
Estimated monthly repayment
R 70 730
on a R 6 741 000 bond over 20 years at 11.25%
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361 Main Avenue, Ferndale, Randburg, Gauteng
Fair-value check
Priced highPriced 899% above comparable 2-bed houses for sale in Ferndale
Based on 24 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Dylan Ndlovu
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