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GALLERY

R55,000,000

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FORMER PROTEA HOTEL FOR SALE

Originally developed as a Protea Hotel, this property has served as a hotel for many years and is perfectly suited for either continued use as a hotel or as student accommodation.

The ground floor features a reception area, three conference rooms, dining rooms, two bars, a library, and two kitchens, including a large walk-in freezer in the main kitchen. The building is equipped with a Schindler elevator servicing all floors.

On the first and second floors, there are 135 air-conditioned rooms, each with an ensuite bathroom. The property offers a variety of room sizes, making it an excellent candidate for student accommodation. The smallest rooms can accommodate two students, with larger rooms providing space for more. With the potential to fit approximately 270 student beds, this property is well-suited for high-density student living.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
9,016m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Archon International Properties Johannesburg website is accurate and up to date, Archon International Properties Johannesburg 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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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Joint Available Income
 

MONTHLY REPAYMENTS
 

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Monthly Payment

R 

765,429.21

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