R 17 500 000

Commercial Property for Sale in North Riding

North Riding, Randburg

45 m²

The great blandford manor ,northriding,greater fourways!!!

The buildings and land of Blandford Manor Conference Centre and licenced restaurant, a country-style property located in the centre of a high-density residential area in North Riding, are for sale. The seller’s offer is not based on the business that is being run from the property, but on the value of the land and buildings, evaluated by First National Bank at R17 500 000. Inclusion of the business in the sale is an optional add-on and the purchaser/new owner will be welcome to continue to run the business out of the property, however the sale/purchase price must be based on the sale/purchase of the buildings and land.

The owner is asking R17 500 000, but will consider written offers from R14 500 000 on a zero VAT rated, business-to-business transaction. The seller is not negotiable below R14 500 000. The seller will retain the business Blandford Investment (Pty)...

The buildings and land of Blandford Manor Conference Centre and licenced restaurant, a country-style property located in the centre of a high-density residential area in North Riding, are for sale. The seller’s offer is not based on the business that is being run from the property, but on the value of the land and buildings, evaluated by First National Bank at R17 500 000. Inclusion of the business in the sale is an optional add-on and the purchaser/new owner will be welcome to continue to run the business out of the property, however the sale/purchase price must be based on the sale/purchase of the buildings and land.

The owner is asking R17 500 000, but will consider written offers from R14 500 000 on a zero VAT rated, business-to-business transaction. The seller is not negotiable below R14 500 000. The seller will retain the business Blandford Investment (Pty) Limited.

It consists of 38 428 sqm of land with buildings approximating 2 000 sqm under roof. It has municipal Consent Use to run a conferencing business as well as a restaurant with a liquor licence (which the purchaser could renew after transfer of the property) that is well-supported during the week and attracts up to 300 patrons on Sundays.

There are two, fully-equipped conference buildings; out buildings that house tenants (small businesses) paying about R46 000 per month in rent; parking for 200 vehicles; a pizza hut; a large family residence with a swimming pool, flatlet and workshop; an orchard and a botanical garden, etc.

FEATURES:

Located on the corner of Hyperion Drive and Blandford Road. There are three entrance gates on Hyperion Drive. A fourth entrance could be installed on Blandford Road.

Potential for sub-division.

An industrial kitchen supports two conference centre buildings, the Wild Goose restaurant and the pizza hut.

One residential house: Three bedrooms, swimming pool. Pool table (family) room. Study. Large, combined dining room and lounge. An outside maisonette room (bedroom, shower room plus a separate and combined lounge and kitchen). Large workshop. Numerous carports. Three garages.

Three additional buildings housing various types of small businesses (paying tenants).

Offices and a storeroom.

Stream and dam.

76 Solar Panels.

1 x 25 KVA Generators.

3 x boreholes.

3 x pumps that drain water out of the river when required.

2 x 30 000 litre water tanks, each with booster pumps and a switch over system.

2x Garages at the residential home.

Secure, off-road parking for up to 200 vehicles.

Alarms, cameras and CCTV.

Listing number: P24-115503567, Image number: 1

Listing number: P24-115503567, Image number: 2

Listing number: P24-115503567, Image number: 3

Listing number: P24-115503567, Image number: 4

Listing number: P24-115503567, Image number: 5

Listing number: P24-115503567, Image number: 6

Listing number: P24-115503567, Image number: 7

Listing number: P24-115503567, Image number: 8

Listing number: P24-115503567, Image number: 9

Property Overview

Listing Number

115503567

Type of Property

Commercial Property

Listing Date

30 January 2025

Erf Size

1 065 m²

Floor Size

45 m²

Points of Interest

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