Ex Retirement Village For Sale

The property was originally developed and served as a hotel and were subsequently converted to serve as a retirement village for many years. The property is therefore ideal to be used as a hotel, hostel or to be used for student accommodation. The premises comprises of a three-storey main building which houses rooms with en-suite bathrooms, various dining rooms, offices, a library, canteen, laundry, hairdressing salon and kitchens with a walk-in cold room.
An additional 21 one-bedroom simplex units each comprising of one bedroom, lounge, kitchen, bathroom and patio forms part of the property. As student accommodation this property could offer approx. 440 beds @ R 4,500 per bed per month for 10 months which equates to R 19,800,000.00 per annum. (NSFAS grant).
Key features of the property:
- 21 x 1 bedroomed simplex units
- 22 X small rooms (approx. 15sqm)
- 122 x large rooms (approx. 22sqm)
- 20 x double rooms (approx. 44sqm)
- Reception area
- 4 x offices
- Entertainment hall
- Various dining rooms
- Library
- Canteen
- Laundry
- Hairdressing salon
- Industrial kitchen & smaller kitchens
- Walk-in cold room
- 3 x Passenger lifts
- Backup generator
- Fully enclosed
If this property does not ideally suit you, please contact me with your exact requirements. I have many more commercial properties as well as factories/warehouses available throughout Pretoria, which are not listed on the website. I specialize in the sale of industrial, offices and retail properties and am on standby to assist you with all your commercial and industrial property needs. If you require an industrial warehouse/factory or any other property type, look no further. Silverton, located East of Pretoria, an area comprising mainly of commercial property. Silverton lays claim to excellent commercial property such as office blocks and office parks. Silverton provides property solutions for investors, owner occupiers and tenants offering large amounts of property to let in Silverton and plenty of property for sale in Silverton. A multitude of road networks contribute to the success of Silverton, the R104 runs through Silverton and the N1 and N4 are nearby ensuring easy access into Silverton. Another contributing factor to the success of Silverton is the closeness to all local amenities and neighbouring areas. Silverton's proximate distance to major shopping centres, hospitals, leisure and recreational venues ensure convenience when running errands or when deciding to enjoy life's pleasures.