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Fantastic Guest House Opportunity In Cape Town For Sale

Cape Town, Western Cape
Asking Price:
R15,250,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Centrally situated in the heart of historic Cape Town is this gracious lovingly restored period property operating as a very well-established profitable Luxury Guest House. Declared as a National Monument, the situation is in close proximity to the tranquil Company Gardens, a short walk to Parliament, the National Museum and the life of the city, famous Long Street with its shops, bars and restaurants. Due to its central location this is the ideal starting point to explore Cape Town, whether for business or leisure. Hop on Hop off Bus service on your doorstep.

The accommodation is beautifully appointed with a central heritage theme throughout and consists of 9 bedrooms. (One currently used as a staff room.) The guest rooms consist of 4 Standard rooms facing the inner courtyard, each with a queen size bed, 3 standard rooms facing the tree lined street, each with King size beds and plenty of space for an additional single (Triple), as well as a single room with double size bed. All rooms offer stunning en-suite bathrooms with frameless showers, gerberit hanging toilets and top of the line Hans Grohe taps. Some offer an additional bath. Each guest room is fully air-conditioned with a TV, Safe and professional sound insulation. Some of the front rooms have private verandas and offer a beautiful view of Lions Head.

In additional to amazing accommodation, the guest house offers a reception area/Office, fully equipped kitchen and scullery, a beautiful inner courtyard area and a dining area with gorgeous functional Victorian fireplace.

Facts about the Business
VAT Registered vendor. Business Zone GB5, Business License Sale of supply of meals. Well trained and motivated staff compliment. In operation for over 15 years as a successful and profitable business. European equipment standards. Fibre Internet. Own borehole with 500l/ hour as back up. 2 Parking spaces on premises behind the building and 3 rented off-street parking across the street.

Reason for sale
The current owners have been running the guest house now for almost 15 years and want a new adventure. A comprehensive handover will include access to the available and existing networks and relationships to ensure a smooth transition. The owners will also be available for consultancy.
The selling price is for the property and business including all forward bookings and the deposits thereon. The price excludes VAT. Confidential accounting information will be provided to seriously interested potential buyers.
Occupancy

For the Financial Year ended 28.2.2018, the occupancy rate is in excess of 80%.

Guest House Reviews
Rated at an average of 9.4 out of 10 over the past 5 years on Booking.com.
Rated Excellent on Tripadvisor 9 times in a row.
Listed in 5 Travel books generating excellent traffic.

Property Size
Plot size: 337m²
Usable size: 564m²

This special property has everything going for it with figures to substantiate and quite honestly speaks for itself. An incredibly opportunity that simple cannot fail. Seriously interested purchasers may contact me for further information and discrete viewing appointments.

Property information

Real Estate:

Real Property Included

Location:

Central Prime Location

Premises Details:

Guest House with business rights to operate

Business Operation

Reasons for selling:

Retirement

Employees:
4
Years established:
15

Other Information

Furniture / Fixtures value:
R1,200,000 - included in the asking price
Home based:
This business can be run from home.

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