Luxury Hospitality Investment with Multiple Revenue Streams

THE HOTEL:

This represents a very compelling investment opportunity, combining an established hospitality operation, additional retail income and a property with an abundance of character, heritage and untapped potential.

Originally built in 1890, the building is well overdue for an upgrade and modernisation, creating an exciting opportunity for an investor with vision to breathe new life into the property. With the right refurbishment, its existing character and architectural features could be preserved while introducing a more contemporary and sophisticated aesthetic.

The property has the potential to be transformed into a beautifully curated boutique hotel, offering a distinctive hospitality experience in the heart of Cape Town’s CBD.

The combination of the heritage architecture, central location, existing hotel infrastructure, restaurant and bar, established licences and additional retail component creates significant potential to reposition the property and add substantial value.

Key Features:

• Heritage fronted, freehold hotel
• GB7 zoning
• Prime Cape Town CBD location, close to CTICC and other tourist hubs
• Originally built in 1890
• Established hotel operation
• Restaurant, bar and reception
• Guest accommodation across multiple levels
• Central Courtyard
• Established liquor licence
• Gambling licence with gaming machines
• Additional income producing retail component
• Direct connection to The Decks pedestrian arcade
• Strong heritage character and architectural appeal
• Opportunity to modernise and reposition the property
• Potential to create a distinctive boutique hotel
• Opportunity to transform the retail arcade into a sophisticated hotel entrance with curated high end boutique stalls
• Excellent value add investment opportunity

Price: R25,000,000 including VAT

THE ARCADE:

The adjoining arcade is a sectional title component that can be bought if the hotel is purchased. Rather than functioning as traditional small retail stores, the space could be thoughtfully redesigned into a beautiful, high end arrival experience for the hotel, incorporating a curated collection of boutique stalls, artisan brands, design-led retailers and lifestyle offerings. This could create a unique entrance and destination for guests while retaining the charm and character of the existing arcade, with the added benefit of an established rental income stream.

• Approximately 1,000 m²
• 22 market style retail shops
• Runs through from the hotel towards Burg Street
• Fully let on month-to-month tenancies
• Provides an additional income producing component
• Value of R25,000 per m² – Approximately 1000 sqm

Price: R25,000,000 (R25,000 including VAT x +- 1000 sqm)

PARKING BAYS:

10–15 parking bays available that can be bought if the hotel is purchased.

• R250,000 per parking bay including VAT
• Parking bays are not included in the R25,000,000 hotel asking price
• Available parking bays must be acquired in conjunction with the purchase of the hotel
• Parking bays cannot be purchased separately from the hotel

Price: R3,750,000 (R250,000 x 15 bays)

INVESTMENT VISION:

A rare opportunity to acquire a heritage property with an established hospitality operation, additional retail space and significant potential for repositioning. With considered design and investment, this property could evolve into a character rich boutique hotel with a sophisticated retail and arrival experience in the heart of Cape Town CBD.

AI USE:

Selected images have been AI edited to illustrate the property’s potential following refurbishment and modernization.