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R 5 990 000 (347 246 EUR*)

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11
12
± 495 m2
± 498m2

Property Features
Aircon
Alarm
Balcony
Built In Cupboards
Deck
Dining Room
Entrance Hall
Family/TV Room
Fence
Furnished
Garden
Guest Toilet
Kitchen
Laundry
Lounge
Main Ensuite
Paving
Satelite
Scenic View
Storage
Study
Walk In Closet

Cshflowing Business with Loads of Potential

This is a rare opportunity to own a cash flowing business in Rondebosch East.

Owned since 1997 this business has built up a reputation in the community and with international guests alike.

This property has many ways to make it work

Bed and Breakfast
Conferencing
Multi Let
Short Term Lets
Business Hub
Weddings
Functions


Conferences are currently R300pp with 50 guests max in the Upper Larger conference suite - Thats a whopping R15 000 per event per day- around 1/2 a month

Smaller Conference Suite R5000

Rooms rent for R1000 per night at 9 rooms for half month occupancy is R126 000 - Cape Town sits at around 70% occupancy - so major scope here to add more - I am being conservative with the numbers.

You can Easily see that this business cashflows

With some hard work and dedication this business can be a Real winner for an owner.

If you just want to buy the house empty R 5.999.000
if you want to buy the business with everything - lock stock and barrel. R6.999.000

Owners are retiring

  • 11 Bedrooms
  • 2 Conference Rooms
  • Welcome / Reception
  • Upper Deck
  • Bar
  • Kitchen


Message Agent

Riccardo Zappia - Candidate Property Practitioner, estate agent


+27 (0)66 208 2059
+27 (0)21 569 5300
 whatsapp agent

  riccardo@propertymave... riccardo@propertymaverick.co
View all agent properties

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