fully operation 17 Room Guesthouse/ Property in heart of melville with various income opportunities

Uncover the possibilities with this operational 17-room guesthouse nestled in the lively Melville area, an ideal opportunity for the astute investor exploring diverse revenue streams.

Melville House, located in Johannesburg's charming and artistic suburb of Melville, boasts a storied past as a renowned international backpackers' haven. In the wake of COVID, it has pivoted to offer affordable accommodations that cater to contemporary travel preferences.

Spanning two properties that collectively cover 1,468 square meters, this guesthouse comprises two fully-equipped residences, along with additional outbuildings designed for double rooms and extra lodging. Currently an active business, it is being sold fully furnished.

Brimming with rustic charm, this property provides generous space for various business ventures. As the original structure, it holds the potential for adaptation to multiple income-generating options, such as a wellness center, step-down facility, student housing, or Airbnb rentals. Its prime location is conveniently close to several hospitals, including Millpark, Helen Joseph, and Charlotte Maxeke, and just 3-4 km from the University of Johannesburg's main campus and 2 km from the City Campus shopping center, with easy access to public transit.

Melville House can accommodate up to 66 guests simultaneously, with various configurations, including dormitories and private en-suite rooms.

Current offerings include:
- Four spacious dormitories with capacity for 35 individuals, featuring separate sections for males and females, as well as a six-sleeper dorm for smaller groups. Shared bathroom facilities and personal lockers are available.
- Three family rooms furnished with a double bed and bunk beds, comfortably sleeping four guests per room, all with en-suite bathrooms.
- Six en-suite double rooms with showers and toilets, hosting up to 12 guests.
- Additional double rooms sharing ablution 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 water backup tanks.

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

The asking price is R5,549,000, negotiable based on sale conditions.

For more information, viewings, or any inquiries, please feel free to reach out. We are here to help you in every way we can!