Hyde Park’s iconic landmark, Summer Place, is back on the market for offers of +R150 million, exclusively through Lew Geffen Sotheby’s International Realty.
“…We’re thrilled to be marketing a very rare development opportunity that not only offers considerable development scope but is also situated in one of the city’s premier destinations”, says Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg.
Summer Place has been operated as a world-class banqueting and conferencing centre since 1994 and now, after three decades, property developers in the hospitality space have a chance to acquire almost 40 000m2 of prime real estate, he says.
“This property ticks all the new hospitality trend boxes as zoning rights allow for multiple related uses, including residential buildings, conference facilities, ballroom facilities, a dining area, restaurants, a hairdresser, gym and other ancillary uses associated with a hotel.”
The location is ideally situated for business and leisure travellers as everything they could possibly need is right on their doorstep and the nearby Gautrain stop offers easy access to the other main Johannesburg commercial hubs as well as Midrand and Pretoria.
