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R 46 000 000

Commercial Property for Sale in Lombardy Estate

Lombardy Estate, Pretoria

Contact broker for street address

2 000 m²

Contact Broker

Annelie Schonken

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Prestigious Lombardy Boutique Hotel & Conference Centre for Sale

Price: R46 million (excluding VAT)

Located in Pretoria East, just 2km from Silver Lakes Golf Estate and the new Linton’s Corner Shopping Centre, and 10 minutes from Menlyn Square Casino. The property is also conveniently close to key amenities such as schools, hospitals, and just 3km from the Solomon Mahlangu offramp.

VAT Savings Opportunity

The R46 million price excludes VAT, but if purchased through a VAT-registered commercial entity, the full VAT amount can be reclaimed from SARS, potentially saving approximately R5 million in transfer duties.

Property Highlights

Land size: 4.2 hectares

5-Star Hotel with luxury amenities

5-Star Spa with secure tenant generating R150,000 monthly (excluding VAT)

Hotel Features:

22 luxury en-suite rooms with air conditioning, bathroom, and kitchenette

Presidential...

Prestigious Lombardy Boutique Hotel & Conference Centre for Sale

Price: R46 million (excluding VAT)

VAT Savings Opportunity

Property Highlights

Land size: 4.2 hectares

5-Star Hotel with luxury amenities

5-Star Spa with secure tenant generating R150,000 monthly (excluding VAT)

Hotel Features:

22 luxury en-suite rooms with air conditioning, bathroom, and kitchenette

Presidential and honeymoon suites with private garden, sitting room, and fireplace

Amenities: minibar, DSTV, air conditioning, lock safe, and WiFi in all suites

2 private conference rooms

Dining area with patio and outdoor breakfast space

Private dome-shaped dining room with a wine cellar

Jacuzzi and wood fireplaces in dining areas

Restaurant kitchen and laundry facilities

Office with reception area

Large wedding/conference hall seating up to 200 guests

Gazebo and clock tower

Courtyard with water feature

40 parking spaces

Spa Features:

Spa reception and dressing area

Multiple treatment rooms

Pool and entertainment area

Kitchen and lunch reception area

Staff quarters

40 parking spaces

Established long-term tenant with a secure lease agreement generating R150,000 per month (excluding VAT)

Spa furniture, stock, and equipment not included in the sale

Additional Notes:

No long-term contracts with suppliers, allowing new ownership flexibility

The facility requires some attention

Single-level facility with wheelchair-friendly access

An exceptional opportunity for discerning investors looking to acquire a landmark property in a prime location!

Listing number: P24-115106276, Image number: 1

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Listing number: P24-115106276, Image number: 4

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Listing number: P24-115106276, Image number: 6

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Listing number: P24-115106276, Image number: 9

Property Overview

Listing Number

115106276

Type of Property

Commercial Property

Description

Single Storey

Listing Date

22 October 2024

Lease Type

Percentage Lease

Erf Size

42 000 m²

Floor Size

2000 m²

Zoning

General Business

Facilities

Bedrooms

Bathrooms

Truck Access

None

External Features

Parking

Building

Building Grading

P Grade

Power Availability

Single Phase

Points of Interest

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