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Art Deco Hotel

ZAR 39,950,000
Art Deco Hotel Commercial Real Estate Cape Town Properties Capetown Property Hotel for sale Real Estate South Africa

Fully renovated Art Deco hotel for sale in the heart of Cape Town, right in the city centre. Located in the Western Cape of South Africa, this commercial property offers the best conditions for the future. All facilities, restaurant with kitchen and bar are included in the sales price.


Art Deco Hotel - Commercial Real Estate - Cape Town Properties in South Africa

Art Deco Hotel for sale


Details of the commercial property:

  • Sales price: R39,950,000
  • modern furnishings and warehouse included in the price
  • (Value of furniture 22,500,000 and approx. 100,000 inventory value)
  • Extensive renovation in 2018
  • 20 hotel rooms
  • Restaurant with bar and kitchen
  • Office suites
  • Manager apartment
  • approved plans for expansion
  • Boardroom
  • Balance sheets available

The renovated boutique hotel was completely renovated just 18 months ago and equipped with modern furniture. Twenty fully decorated hotel rooms with a bar and restaurant are very comfortable and modern. The selling price also includes a restaurant with kitchen, a bar and office suites, as well as a manager's apartment.


Ground floor:

- Entrance with reception, bar, restaurant, kitchen, office, changing room and storage rooms


First floor - office suite and boardroom

Fully equipped office suite for more than 20 employees with a meeting room, kitchen and toilets. There are very good rental opportunities!


Second to fifth floor:

Each floor houses 5 hotel rooms with bathrooms.


Sixth floor - manager or owner apartment

This apartment could be rented out as a holiday home without any problems and generate further sales. The studio apartment is equipped with a kitchen and bathroom. It has a wonderful view of Cape Towns Table Mountain.


The commercial property is located in the city centre within walking distance of all sights. All balance sheets are up-to-date and available. The business is being sold as an ongoing operation with all contracts.


Expansion options

There are current building permits for the purpose of expanding the hotel.


The need for hotel beds is still there. Cape Town has many tourists who are looking for a hotel room, especially in the city centre. The metropolis at Table Mountain continues to attract many national and international tourists all year round.


Reasons for Selling:

The owner would like to downsize and concentrate on an existing second business.


Continue this successful business and develop the hotel for your purposes.

 

We look forward to your inquiry.


Your Cape Town Real Estate Team

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Address: Cape Town
City:
Zip: 8001
Country: South Africa
Price: ZAR 39,950,000
Persons: 42
Bedrooms: 21
Bathrooms: 45
Property Size: m2

Contact for Art Deco Hotel - Please write to us!