Well Established and Profitable Luxury Guesthouse in the Heart of Cape Town – Gardens

R 15 250 000
Ref: PGLAG1408015
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  • Guesthouse - Cape Town - Gardens (13) - Well Established and Profitable Luxury Guesthouse in the Heart of Cape Town – Gardens
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Property features

19
40
19
337 m2
564 m2
  • Office
  • Staff accommodation
  • Braai Area
  • Patio
  • Mountain view
  • Lounge
  • Dining Room
  • Borehole
  • En-suite bathrooms
  • Reception area

About the property

Well established and profitable luxury Guest House, in the heart of historic Cape Town, in gracious and lovingly restored Victorian homestead and National Monument.
Close to everything – Hope on hop off bus, Company`s Garden`s, and only a few walking minutes away from Parliament, the National Museum and 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.

Rooms
9 Bedrooms en-suite (1 room used as Staff room)
4 Standard rooms face courtyard with queen size bed, Aircon, TV, Safe
3 Standard rooms facing tree lined street with King size (triple is possible)
Aircon, TV, Safe, sound insulated.
1 Single Room with double size bed

Reception/office, kitchen, scullery, staff room en-suite, beautiful court yard,
general area with lounge and open functional fire place.
All 8 guest rooms have en-suite bathrooms with showers, and one has an additional bath. Some of the front rooms have private verandas and offer a beautiful view of Lions Head.
Business Facts
VAT vendor
Plot size: 337m2*                  Usable size: 564m2*
Business Zone GB5, Business License Sale of supply of meals, Food Premises
Operating over 15 Years with highly trained and motivated staff, recently renovated with charm and style to the newest standard with only the best European equipment
98% off all light bulbs are LED, 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 of sale: owners have been running the guest house now for almost 15 years and want to do something new.
Sellers will provide a comprehensive handover, informative and thorough so that the new owner is able to make use of the existing network and relationships.

Asking price R15‘225‘000 excl. VAT for property and business including all strong forward bookings and the deposits thereon, offering a buyer a very attractive and consistent Return on Investment.
Books are available on request and NDA.

Occupancy
Financial year 2018 1.3.2017-28.2.2018
occupancy rate +80%

Reviews
Since 2008 on TripAdvisor 9 time in a row Excellent
508 Reviews: 440 Excellent, 63 Very Good, 6 Average
Booking.com 9.4 over 5 years
Holliday Check
Listed in 5 Travel books

Additional Income
3 Studios and 1 Self-catering guest unit next door under contract until 5.2019; can be renewed and taken over by a new owner