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R 12 635 000 | business property for sale in newcastle central

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Property Description

This is one of the most prominent properties in Newcastle as it used to be the site of the old residence for the Magistrate in Newcastle years ago.The Cannon runs a well known restaurant with conference facilities as well as provide accommodation to guests with22 well appointed rooms. All the rooms are equipped with air conditioners and the current occupancy rate runs at 60%. The new owner will be given the option to renew the liquor license as the business does not currently sell liquor. Full financials are available for qualified buyers. Contact me now for a viewing!!!!

Property Details

Property FeaturesBuilding Name: The cannon, Number of Floors: 2

Purchase PriceR 12 635 000

Type of PropertyBusiness

Last Updated28 Mar 2022

Property Location

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Barry Venter


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