4* Sectional Title Boutique Hotel situated De Waterkant for sale

4* Sectional Title Boutique Hotel situated De Waterkant for sale

For Sale

R100,000,000

Property ID :

 None

Description

4* Sectional Title Boutique Hotel situated De Waterkant for sale

Hotel category: 4*

Number of Rooms: 50

Location: De Waterkant, Cape Town

Hotel operator:

  • Hotel is under development – completion date of December 2020
  • New owner to provide own management

Purchase price: R100,000,000

Net Income: Approximately R7,000,000

Net Yield: Approximately 7%

Amenities and other defining features:

  • Excellently opportunity to own a boutique hotel in one of Cape Town’s most sought-after tourist areas
  • Purchase price per square metre of just over R50,000 (VAT excluded) is priced for high future capital growth
  • Opportunity to profit in future by selling apartments individually
  • Net income includes estimated hotel management fees