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

Exciting Investment Opportunity in Melville!

Discover the potential of this thriving 17 room budget accommodation establishment in the vibrant Melville area of Johannesburg!

Perfect for savvy investors, this property offers diverse revenue streams and comes fully furnished and can be accommodated and used and converted for student accommodation, wellness centre or other business opportunities currently in high demand at moment.

Melville House has a rich history as a backpackers' favorite and has adapted to modern travel needs post-COVID. Spanning 1,468 sqm, it includes two residences and additional structures for double rooms, accommodating up to 66 guests!

Key Features:
- 4 dormitories (35 beds) + 6-sleeper dorm
- 3 family rooms (sleep 4) with en-suite bathrooms
- 6 en-suite double rooms
- 2 kitchens, dining areas, pool, bar, and recreational spaces
- Solar system and backup water tanks

Located near hospitals, the University of Johannesburg, and shopping centers, this guesthouse has significant potential for repurposing into wellness centers, student housing, step down facilities, training centre and more.

The property would need some work or redesign ideas suitable to be repurposed for other income streams

The current owner is shifting focus, making this a prime opportunity! Offers are negotiable.

Grab this opportunity and be a suitable facility for the onset of student enrollment.

For details, viewings, or inquiries, reach out to us today!