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R18,000,000

INVESTORS - AN OPPORTUNITY NOT TO BE MISSED IN WALKERVILLE

For Sale: Premier Hotel and Conference Centre in Walkerville
Overview:
Welcome to LAPENG, a prestigious hotel and conference centre situated in the scenic hills of Walkerville. Spanning an impressive 48 hectares, this property offers a myriad of opportunities for various ventures—from a thriving entertainment hub to the creation of a specialized Hospitality School with student accommodation. With its prime location near the R82 and R59 roads, connecting Johannesburg, Midvaal, and Vereeniging, LAPENG stands out as a versatile and attractive investment.
This property boasts a further 8 conference/function rooms, 3 dining rooms, 24 self-catering cottages, 8 single en-suite rooms, a chapel, 4 bridal suits, 2 well equiped kitchens, 1 with walk-in fridge a cold room and stoves and staff bathroom. The 2nd is a medium sized functional kitchen, stove and fridges.
Cultural Significance:
The name "Lapeng," meaning "My Home" in Sotho, embodies a welcoming and homely atmosphere that promises a comforting escape from the city’s hustle and bustle.
Features:
Reception Area:
- Elegant reception area with stairs leading to entertainment spaces and bathrooms.
Hotel and Conference Centre:
- Versatile conference and function rooms.
- Large open deck area for outdoor events with umbrellas and braai facilities.
Bar Facilities:
- Perfect for guests and event attendees.
Kitchens:
- Well-equipped kitchens with walk-in fridge and cold room.
- Separate entrance for deliveries.
Chapel and Bridal Suites:
- Facilities for weddings and religious ceremonies.
Dining Areas:
- From casual finger foods to elegant formal dinners.
Accommodation:
- Self-catering units with kitchenettes, designed in a horseshoe layout.
- Single rooms with en-suite bathrooms and coffee stations.
Amenities:
- Gymnasium for guest fitness.
- Sparkling swimming pool for relaxation and recreation.
- Electric fencing and guard house ensuring security.
Additional Features:
- Large laundry room.
- Training facilities with strategically placed electric outlets.
- Ample storage space.
- Large open courtyard nestled between venue rooms.
Development Potential:
The property includes additional land for further expansion and development opportunities, making it ideal for various uses such as tourism, events, and retreats.
Conclusion:
This exceptional property offers a unique blend of hospitality, event hosting, and extensive amenities, providing an excellent investment opportunity with substantial growth potential. The serene environment and comprehensive features make LAPENG a prime choice for your next venture.
Inventory may be made available on request.
Contact:
To explore this amazing property and discover all it has to offer, please call the agent to arrange a tour.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Land Size
480,000m²
Extras
Country Side • Air Conditioning Unit
 
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Disclaimer: While every effort will be made to ensure that the information contained within the EXP Realty website is accurate and up to date, EXP Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

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Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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MONTHLY REPAYMENTS

 

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Monthly Payment

253,071.80

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