BUSINESS FOR SALE IN BRAAMFONTEIN IN SOUTH AFRICA

DESCRIPTION OF THE PROPERTY: NEWLY REFURBISHED PROTEA HOTEL PARKTONIAN ALL SUITE FOR THOSE WHO PREFER A SUITE ACCOMODATION! Welcome to a rare property investment that IMPROVES ITSELF... MANAGES ITSELF... MARKETS ITSELF... MAINTAINS ITSELF... Self -sufficiency can be very rewarding. - The Protea Parktonian Hotel boasts the most spacious hotel guest rooms in Johannesburg - 300 suites in total, all similar in size, most with personal bar, mini-safe, radio, colour TV & air conditioning. New Electronic key card locks have recently been installed - 4 star standards - The hotel is accessed via a forecourt & attractive entrance portico - A subsidiary entrance links the adjoining parking garage via covered walkway; garage, via covered walkway. - The foyer is attractive, spacious & tiled in Italian marble. - The "Meridians" cocktail Bar is open all day, and the "Orchard" restaurant is open all day, for meals, coffee and snacks. - Substantial conference complex, one of the most comprehensive in Johannesburg - The adjoining parking garage is owned by the hotel, on leasehold, and provides 440 covered parking bays for public and hotel use. - The hotel has its own indoor pool, and hotel guests have access to the adjoining civic Recreation Centre featuring squash courts & gymnasium. (The intention is to construct a small gym within the hotel itself, for the guest's exclusive area) - The hotel has extensive back-of-house facilities (required by any establishment of this size), including offices, staff changing rooms, staff canteen, kitchens, store rooms, maintaince workshops, 5 Conference venues and 7 Boardrooms, this property has the capacity to contain conferences in excess of 450 delegates etc. - Recently new computer hardware & software (Fidelio/Micros/Accpac) & new electronic key card locks have been leased as operating expense items. - The Protea Parktonian has made a feature of offering exceptional security & this has been an important factor in the hotel's success. WHAT EACH SECTIONAL TITLE UNIT COMPRISES: - 55sqm including 7sqm balcony - Living room: TV cable & leased TV (DSTV), sette, coffee table, corner table, armchair, lamps - x1 Bedroom: double bed or twin singles, bedside table, suitcase rack, cupboard, lamps, dressing table & stool - x1 Bathroom: bath, vanity & basin, W.C - Kitchenette: Top & high-level unit, desk & 2 chairs - Personal Bar - Mini-safe - Radio - Central heating - 2 Telephones - Hairdryer - Wireless connectivity - 24 Hr Housekeeping - Room Service - Air conditioning - Electronic key card locks NB: Ownership of the built-in-fittings, equipment & furniture in that suite (UNITS ARE SOLD UNFURNISHED, The furniture is supplied by the Management Company to the Income Pool to be able to operate as the Hotel.) Ownership of 1/300th of the public rooms, restaurant, bar, conferencing areas, & back-up areas such as kitchen, storerooms & staff areas. This ownership comes as a result of all these areas being classified as "common areas" in terms of the Sectional Title Act, such that the revenues generated in these areas, & costs associated with these areas, & costs in generating such revenues, will be apportioned equally between the 300 suite owners. UNIT IS SOLD UNFURNISHED. UNIT IS SITUATED ON THE 12TH FLOOR. Internal Agency Ref No:ZZ00005261 # Kitchen: 1 # Parking: 1 Has Pool Security Features: Security, Security Fence, Security Lights, Gated S Property Reference #: 3139053 Nearby Places/Vicinity: HOTEL LOCATION: - Situated between the main Johannesburg CBD, and the substantial commercial area of Braamfontein & Parktown. - 120 De Korte Street, Braamfontein, Johannesburg 2001 - Close proximity to the M1 Highway, giving quick access to the main Johannesburg International Airport, (approx. 25 minutes). - The M1 also gives easy access to the nodes of Rosebank & Sandton - Of all prominent Johannesburg hotels; the Protea Parktonian offers the easiest access to the new major tourist attractions: - Constitution Hill (2 minutes); - Newtown Cultural Precinct (5 minutes); - Soweto (15 minutes). - With the Gautrain that is complete, the hotel is the nearest major hotel to the Johannesburg central Gautrain Station. Agent Details: Michelle Mareë Inyameko Properties 8 Stonehill, 28 Serissa Avenue, Roodekrans Sandton www.inyamekoproperties.co.za