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Hotel for sale

ZAR 60.000.000
Cape Town, City centre, ,
Hotel for sale Developments Student residence Retirement Residence Boutique hotel with conference facilities Commercial property
Hotel for sale in the city centre of Cape Town in South Africa. There are building plans for converting this commercial property into a senior citizen's retirement home or student accommodation. It can also be offered as a boutique hotel with conference facilities due to its proximity to the city.

Hotel for Sale - Development - Retirement Residence - Student Residence - Boutique Hotel 

Commercial Property Cape Town 

Only minor alterations would be required to reach new target groups, thereby significantly increasing profits. It could also be utilised as a boutique hotel with conference facilities.

Student residence
The building is ideal for student accommodation as a few universities are located in the surrounding areas, creating a high demand for accommodation. The following universities are located nearby:
- University of Cape Town (UCT)
- Arts and Drama Faculty (Michaelis Campus)
- Cape University of Technology (CPUT)

Retirement Residence - Nursing Home - Development
A senior citizen's home would be a first class investment as well as there is a strong demand in the vicinity of the city centre.

Boutique hotel with conference facilities - development
Through minor alterations and cost effective update, the commercial property could also be run as a boutique hotel with conference facilities.

The commercial property offers:
- 79 double rooms with bathrooms
- Land: 2,447 m²
- Building: 3.000 m²
- Restaurant: Breakfast and dinner
- Conference facilities for 80 people
- Other living rooms and school rooms
- M-Net cable television
- Satellite TV
- Disabled facilities
- covered and secure parking
- Nice pool in the courtyard
- Wireless Internet

Conference Centre - Conferences
The existing hotel complex offers various conference rooms for up to 80 people. There are lecture rooms as well meeting rooms. Numerous functions such as weddings, family celebrations, exhibitions and events have been held here in the past.

Location of the commercial property
The neighbourhood Gardens lies in the inner city of Cape Town, where the hotel is located in the shadow of Table Mountain / Lions Head with beautiful views. Kloof Street and Long Street are positioned nearby with their many restaurants, bars and shops.

With just a short stroll you will reach the Company Garden, one of the most beautiful places in the city centre. This is where the history of South Africa and the Company's Botanical Gardens began to be used as a vegetable garden by Jan van Riebeeck, the first administrator and founder (1651) of the Cape Colony, during the founding of Cape Town. The park was mentioned as early as 1652 in some historical documents and served as a supply station for ships passing by, which were on their way to India or Europe. Here, the local population and sailors were able to obtain fresh water and vegetables.

At the present time the city garden is the no. 1 attraction, and many sightseeing tours run through the City Botanical Gardens. Here you can visit state galleries, museums, libraries, churches and historic parliament buildings. The highlight of the garden are the many exotic plants and trees that come from all over Africa.

This commercial property is on offer as a running company. For further processing of your request, the owner of the hotel requires proof of capital from your bank.

We look forward to hearing from you should you be interested in this property.
 
Your South Africa Real Estate Team
 

The above photographs serve as an example. Upon receipt of your proof of capital, we will be sure to send you the original pictures!
Address: Cape Town, City centre
City:
Zip: 8001
Country: South Africa
Price: ZAR 60.000.000
Persons: 160
Bedrooms: 79
Bathrooms: 79
Property Size: 3.000 m2

Contact for Hotel for sale - Please write to us!