148-Room Hospitality Asset with Student Accommodation Upside | Prime Newtown Location скачать в хорошем качестве

148-Room Hospitality Asset with Student Accommodation Upside | Prime Newtown Location

🔥 ON AUCTION | 19 FEBRUARY 2026 - EX CITY LODGE A once-in-a-lifetime opportunity to acquire a landmark hospitality and residential asset in the heart of the Newtown Precinct. This ex-City Lodge property comprises 148 high-quality rooms, with a clear and achievable upside to convert the first floor into an additional 12 rooms, unlocking further value and yield. The property will be sold vacant, offering immediate flexibility for repositioning as student accommodation, residential apartments, hospitality or a mixed-use investment. With 55 basement parking bays, strong amenities and excellent accessibility, this asset is ideally positioned to serve multiple demand drivers within Johannesburg’s evolving urban core. Investors benefit from a suite of on-site amenities including a swimming pool, sundowners bar and fitness room, while solar power infrastructure enhances operational efficiency and long-term sustainability. Assets of this calibre, scale and adaptability rarely come to market, making this an exceptional opportunity for residential investors, student accommodation operators, hospitality groups and value-add investors seeking a strategic foothold in a high-growth precinct. Key Features: GLA: ± 5 828m² Erf Size: ± 3 874m² 148 rooms with upside to 160 rooms 55 secure basement parking bays Vacant occupation – immediate redevelopment or repositioning Swimming pool, bar & fitness facilities Solar power installed Prime Newtown Precinct location Excellent accessibility & highway exposure Don't miss this opportunity, call Jayson-Lee to view it today! 072 112 8186