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Investment Opportunity: Serviced Executive Long-Stay Accommodation

Corporates with executive long-stay requirements are in for a treat as a sub-divided
Sectional Title unit in Bedfordview’s exclusive The Nicol Hotel comes to market. That’s the
word from Park Village Auctions’ Clive Lazarus, who says the serviced apartments
“epitomise convenience.”
Number 44, The Nicol Hotel & Conference Centre, located at 41A Nicol Road, Bedfordview,
is subdivided into two lettable hotel units with corresponding door numbers 207 and 208.
The former comprises a single bedroom and en-suite bathroom. The latter features an open-
plan kitchen and lounge, one bedroom, one bathroom and a small balcony. An interleading
door between the units enables the units to be used as a two-bedroom, two-bathroom
apartment. Each door has an allotted basement parking bay (two in total). The apartment
measures 102 square metres combined.
The apartment boasts modern fixtures and finishes such as Caesarstone worktops, an
under-counter oven, a glass hob with extractor canopy, wall-mounted bathroom vanities, Wi-
Fi, and central air-conditioning.
Clive: “Added to the luxury of contemporary interiors and elegant furnishings, the apartments
are fully serviced, which includes cleaning, laundry and a concierge service.
“Amenities such as a swimming pool, gym, an onsite à la carte restaurant, and business
services such as printing and copying facilities, workstations, cordless phones, electronic
safes, meeting spaces, luggage storage and fibre internet connectivity throughout the
premises make the Nicol a haven for business executives.”
The Nicol’s locality adds to its appeal as it is 15km from OR Tambo International Airport and
offers easy access to the N1 highway and Sandton Central. Nearby attractions and
amenities include Tiger’s Milk Bedfordview, Bedford Centre, Virgin Active Bedfordview, The
Royal Johannesburg Country Club, and the Modderfontein Reserve.
According to Clive, The Nicol represents a favourable investment opportunity for corporates
that often accommodate “long-stayers”, namely professionals working on projects or
contracts for longer than 3 months, where rentals or conventional hotel stays are not viable.
The auction will commence onsite at 11 am on Tuesday, 13 February. Interested parties can
make an appointment to view the apartment by contacting PVA on 011 789 4375 or
auctions@parkvillage.co.za. For more information, please visit web reference 1461 on
www.parkvillageauctions.co.za.

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