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

Discover the potential with this operational 17-room guesthouse located in the vibrant Melville area, presenting an excellent opportunity for savvy investors seeking diverse income options.

Melville House, situated in Johannesburg's artistic and charming Melville suburb, has a rich history as a popular international backpackers' destination. Following the impact of COVID, it has transitioned to provide affordable accommodations that align with modern travel needs.

Covering a combined area of 1,468 square meters across two properties, this guesthouse features two fully-equipped residences and additional outbuildings designed for double rooms and extra accommodations. Currently operating as a business, it is being sold fully furnished.

Full of rustic character, this property offers ample space for various business ventures. As the original structure, it has significant potential for transformation into multiple income-generating opportunities, such as a wellness center, step-down facility, student housing, or Airbnb rentals. Its prime location ensures convenient access to several 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 easy access to public transport.

Melville House can host up to 66 guests at once, with a variety of room configurations, including dormitories and private en-suite rooms.

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

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

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

For more details, viewings, or any inquiries, please don't hesitate to contact us. We are here to assist you in every way possible!