Investment Opportunity: Boutique Hotel with Italian Charm
This unique Boutique Hotel is situated in the tranquil Lombardy Estate, Pretoria East. With its Tuscan-inspired architecture and Italian countryside ambiance, this property brings a touch of Italy to South Africa's capital. The hotel offers a peaceful retreat, surrounded by lush gardens and majestic trees, creating the perfect setting for intimate events, weddings, and getaways.
The property exudes Italian countryside charm, with Tuscan-style architecture, terra-cotta roofs, and quaint outdoor courtyards. Guests can enjoy al fresco dining under covered patios, take leisurely strolls through the estate’s tranquil gardens, and experience a serene atmosphere that feels worlds away from the hustle and bustle of the city, yet is conveniently located near major amenities.
Property Highlights: - 22 character-filled suites, each individually designed and furnished. The suites feature either double beds or twin beds, with en-suite bathrooms that include both a shower and bath. Modern conveniences such as air-conditioning, safes, and minibars are provided in each room. Select suites include added luxuries such as private lounge areas, Jacuzzis, fireplaces, and secluded courtyards or balconies that offer views of the lush garden surroundings. - 5-star Soulstice Day Spa, with a long-term tenant, providing a steady revenue stream. - Conference rooms that cater to corporate events and business meetings, making this property ideal for both leisure and business clientele. - On-site restaurant and cozy function hall perfect for weddings and special occasions, enhancing the property's versatility for event hosting. - Chapel and open-air function spaces, offering tranquil settings for outdoor weddings and private events. - Potential to expand with an additional 40 suites, making this an attractive proposition for those looking to grow the business.
Please Note: While the property offers many beautiful features and potential, it requires maintenance and repairs to restore it to its former glory. This presents an excellent investment opportunity for those seeking a renovation project with significant upside potential.
Schedule your viewing today to explore this opportunity and imagine the possibilities this charming property has to offer. Priced at R46,000,000 (excluding VAT).
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Disclaimer: While every effort will be made to ensure that the information contained within the Jawitz Properties website is accurate and up to date, Jawitz Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.