Hotel for Sale in Cape Town City Centre

Description

Accepting Offers. DESCRIPTION: Commercial Property For Sale/33 Hout Street, Cape Town/Retail And Hotel • 1 932 m² The famous Kings Hotel is a beautiful heritage building built in 1890. Three interconnected floors, perfect for consolidating multiple departments, offering space for rooms, executive offices, boardrooms, meeting rooms, and open-plan workspace. Prestigious address in the heart of Cape Town’s financial and legal districts, ideal for enhancing corporate presence and reputation, proximity to major corporate clients, legal firms, and financial institutions, offering excellent networking opportunities. Sustainability-focused building that aligns with corporate social responsibility initiatives. Professional property management ensures smooth day-to-day operations, allowing your business to focus on growth. Flexible lease options for future expansion or consolidation. Easy access to transport routes, top restaurants, and amenities for work-life balance, fully air-conditioned with dry cleaning and laundry services for convenience. Dining & entertainment on-site restaurant and bar offering live entertainment. Chauffeur and shuttle services available. The hotel also features a dedicated conference center featuring a private boardroom for corporate clients. This prime property presents a remarkable opportunity for expansion, with the potential to add seven additional floors. Conveniently located near key attractions such as the CTICC, the V&A Waterfront, and the vibrant Long Street, the Kings Hotel is perfectly situated in the heart of the City Bowl. This freehold property for sale is zoned GB7 and currently operates as a boutique hotel, offering 17 rooms with en-suite bathrooms and restaurant space. Joining this spectacular hotel is The Decks which is the ground floor retail area which forms part of the entrance to the hotel, offering approximately 40 retail traders operating on a month to month basis. The hotel is available for purchasing including a liquor license. The GLA area for the hotel section measures 998m² with the retail section measuring 925m². The asking price quoted is exclusive of VAT. Great investment opportunity. DETAILS: • Zoning: General Business 7 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.