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Boutique Hotel Located In Heart Of Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R39,950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R3M - R8M

Fully refurbished and opened in December 2018, this stunning art deco heritage building contains 20 beautifully appointed and decorated hotel rooms, bar and restaurant (including fully equipped kitchen), first floor office suites and managers apartment.
Located on Cape Town's iconic Green Market Square, with all of the tourism highlights of the city on the doorstep, this hotel has already gained a fantastic reputation with glowing reviews across the board.
Financial records are up to date and available, and this business is sold as a going concern with various contracts in place.
The building has zoning and planning permission that would allow for significant development, including additional upward expansion.
Cape Town remains one of the most iconic holiday destinations on the planet, and attracts visitors from around the world all year.
This is your chance to purchase this historical piece of Cape Town, and continue this successful business.

Details of the property:
Ground Floor : Entrance, Reception, Bar, Restaurant, Kitchens, Office, Storage and Facility Rooms
First Floor : Fully equipped office suite for 20+ staff members with board room, kitchen, toilets etc. Good rental opportunity.
Second - Fifth Floors : Each floor houses 5 en-suite guest rooms. All furniture, fixtures and fittings included.
Sixth Floor : Owners / Managers apartment.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Studio apartment complete with kitchen and bathroom. Great views of Table Mountain and Cape Town City.

Location:

Located on the famous Green Market Square in in Cape Town CBD

Premises Details:

Freehold premises with all requisite business zoning and licenses in place. Additional zoning and planning permission in place for significant expansion if desired.

Business Operation

Expansion Potential:

Zoning and permissions in place to extend building to 60m height, with potential multiple additional floors.

Reasons for selling:

Owner wishes to focus on another existing business.

Trading hours:

24/7

Employees:
20
Years established:
1.5yrs

Other Information

Support & training:

Well established key staff in place. Any handover requirements will be met.

Furniture / Fixtures value:
R2,500,000 - included in the asking price
Inventory / Stock value:
R100,000 - included in the asking price
Website:
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