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R 45 000 000 Bond Calculator | Commercial Property for Sale in Paradiso

Lombardy Boutique Hotel AND Spa 1 Cole Street, Paradiso, Pretoria

30
Erf Size: 42 000 m²

5 star lombardy boutique hotel and spa for sale

The prestigious Lombardy Boutique Hotel & Conference Centre is for sale.

Price: R46m excluding VAT

Located in Pretoria New East, 2km from Silver Lakes Golf Estate,
the new Linton’s Corner shopping centre and 10min from Menlyn Square Casino,
surrounded by all the most important amenities like
schools, hospitals and 3km from the Solomon Mhlangu offramp.

The price of R46 000 000.00 excludes VAT and if purchased in a commercial VAT registered entity, the full VAT amount can be claimed from SARS, saving +-R5 000 000.00 in transfer duty.

The property consists of:
- 4.2 ha land
- 5 Star Hotel
- 5 Star Spa with secure tenant paying R150 000.00 excluding VAT monthly
- Hotel consist of:
22 x Luxury on suite rooms with air conditioning, bathroom and kitchenette
with presidential and honeymoon suite with private garden, sitting room, fireplace.
Includes minibar, DSTV, air conditioning in all suites, lock safe in each room and Wifi.
2 x private conference rooms.
1 x dining area with patio and breakfast outdoor area.
1 x private dome clay brick dining room and wine collection cellar.
1 x jacuzzi and wood fireplaces in the dining areas
1 x restaurant kitchen and laundry facility
1 x office with reception area
1 x large wedding reception/conference hall that can seat 200 guests
1 x gazebo and clock tower
1 x courtyard with water feature
40 x parkings

- Spa consist of:
Spa reception and dressing area
Treatment rooms
Pool and entertainment area
Kitchen and lunch reception area
Staff quarters
40 x parkings
Long term established tenant with long term extended lease agreement
R150 000.00 excluding VAT rent per month
Sale does not include the spa furniture, stock and equipment
No long term or fixed contract with suppliers. New owner may appoint own service providers.
Facility needs attention.
All facilities on one level – no lifts.
Wheel chair friendly.


Property Overview

Listing Number
114720485
Type of Property
Commercial Property
Street Address
LOMBARDY BOUTIQUE HOTEL AND SPA 1 COLE STREET, Paradiso
Description
Hotel
Availability Date
26 July 2024
Erf Size
42 000 m²
Floor Area
2 000 m²
No Transfer Duty
Yes
Zoning
General Residential

Facilities

Bedroom
22
Bedroom
22 X HOTEL ROOMS. EXCLUDES THE SPA ROOMS.
Bathrooms
30
Kitchens
2

External Features

Parking
80, Open

Building

Building Name
LOMBARDY BOUTIQUE HOTEL AND SPA
Gross Lettable Area
2000 m²
Building Grading
B Grade
Style
Tuscan
Facing
North, West, Mountain View
Roof
Tile
Wall
Plaster, Stone
Window
Steel, Wood, Aluminium
Standalone Building
Yes
Number of floors
1
Backup Water
Borehole, Water Tank

Other Features

Security
1
Security
24 HOUR GUARDS CCTV CAMERAS WITH FENCE
Temperature Control
1
Temperature Control
40 X AIR CONDITIONING UNITS
Nearby Public Transport
Bus, Minibus Taxi
Internet Access
Fibre
Wheelchair Accessible
Yes
Generator
Yes
Backup Water
Yes


Contact AgentWeb Ref 114720485

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Agents

Liezel Britz
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Brendan Slabbert
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