Fantastic Business Premises up for sale!!

Once known as the very popular Shakespear inn hotel and conference centre this business premises is ready for a new owner and new venture.

The Shakespeare inn is located in an easily accessible main route in Vanderbijlpark and offers the following:

The property is laid out in a "Z" type configuration over four floors (excluding the relatively small basement).
Stated differently there are three floors above the ground floor.

The Ground floor mainly comprise of the entrance foyer, hall/dining hall, lounges, kitchen and offices.
Beautiful Gardens, Social area, Swimming pool, Power Generator, Heat pumps, ample secured parking.

The three floors above the ground floor comprise of bedrooms with en-suite bathroom, bathrooms, all with air conditioners, flat screen TV storerooms, etc.

The nett floor areas (excluding passages, staircases, wall footprints and cupboards and passages in the bedrooms) are as follows:
- Basement - 44m²
- Ground floor - 1,306m²
- First floor - 568m²
- Second floor - 568m²
- Third floor (only over the east wing) - 184m²
- The combined nett total area as defined above amounts to 2,670m²

The spaces on the first floor makes provision for 10 single and 22 double bedrooms and the nett area of all the spaces on this floor is 568m². This area excludes the footprint of walls, passages and the footprints of the cupboards and the "passages" in the bedrooms.

The spaces on the second floor makes provision for 10 single and 22 double bedrooms and the nett area of all the spaces on this floor is 568m². This area excludes the footprint of walls, passages and the footprints of the cupboards and the "passages" in the bedrooms.

The space on the third floor makes provision for an estimated 1 single and 10 double bedrooms and the nett area of all the spaces is 184m². This area is currently one big open space with a bathroom towards the south wall.
This area excludes the footprint of walls. This space is currently used for staff accommodation and the partitions is providing the "rooms".

The total gross building area is estimated to be at least 3,200m².

This area includes an allowance of only a 20% increase above the nett areas, which amounts to 2,670m².
Inspection of the property will testify to the level of good maintenance and finishes throughout.

Accommodation is to be provided for 129 people, accommodated in 21 single and 54 double bedrooms.

Potential future use

The potential future use of this premises may well depend on market forces and specific needs for accommodation and/or spaces by institutions requiring additional facilities.

The flexible design dictates that this premises is suitable for multiple types of accommodation, with or without some alterations.

At this point in time the potential future use of only student accommodation is discussed.

The institutions my need accommodation for students which may include accommodation for married students.

The size of the existing bedrooms is also spacious enough to provide accommodation for senior and or post graduate students.

Institutions may even have other uses that can be combined with the accommodation component such as lecture halls, onsite training facilities and conferences functions (supported by the existing kitchen, conference, and function rooms).

This premise is already fully functional, and the limited alterations and additions that may be required can be speedily and easily incorporated to suit the needs of the institution.
It may also be that the institution prefers to incorporate any alterations and additions over a period of time.

Perfect opportunity not to be missed.