Stunning 17-bedroom freestanding property in Melville, Johannesburg—perfect for investment

Uncover the potential of this thriving 17-room guesthouse situated in the lively Melville area, offering a fantastic opportunity for discerning investors looking for varied revenue streams.

Melville House, located in Johannesburg's artistic and charming Melville suburb, boasts a rich history as a favored international backpackers' hub. In response to the shifts caused by COVID, it has adapted to serve as an affordable accommodation option that meets contemporary travel demands.

Spanning a total area of 1,468 square meters across two properties, this guesthouse includes two fully-equipped residences and additional structures designed for double rooms and extra lodging. Currently operating as a business, it is being sold fully furnished.

Brimming with rustic charm, this property provides ample space for various entrepreneurial pursuits. As the original building, it holds significant potential for repurposing into multiple income-generating ventures, such as a wellness center, step-down facility, student housing, or Airbnb rentals. Its prime location ensures easy access to numerous hospitals, including Millpark, Helen Joseph, and Charlotte Maxeke, while being just 3-4 km from the University of Johannesburg's main campus and 2 km from the City Campus shopping center, with convenient public transport options.

Melville House can accommodate up to 66 guests simultaneously, offering a range of room configurations, including dormitories and private en-suite rooms.

Current offerings include:
- Four spacious dormitories that host 35 individuals, with separate areas for males and females, plus a six-sleeper dorm for smaller groups. Shared bathroom facilities and personal lockers are available.
- Three family rooms, each featuring a double bed and bunk beds, comfortably sleeping four guests with en-suite bathrooms.
- Six en-suite double rooms with showers and toilets, accommodating up to 12 guests.
- Additional double rooms with shared bathroom facilities (five showers and five toilets).
- Two kitchens and two dining areas.
- A pool, bar area, and recreational spaces within a garden.
- An outdoor storeroom and laundry facilities.
- A rental solar system and backup water tanks.

The current owner is shifting focus to other projects and no longer has the time or capacity to manage the business, leading to this sale.

Offers are negotiable based on sale conditions and terms. All proposals will be considered.

For further details, viewings, or any inquiries, please feel free to reach out to us. We are here to assist you every step of the way!