R 31 000 000 | business property for sale in goodwood central

Investment Opportunity: Hotel Development in Goodwood Explore the potential of investing in the Goodwood property, a promising opportunity for investors in the hospitality sector. Situated at 154 Voortrekker Rd, Goodwood (Rem Erf 8508 Goodwood), this development boasts a strategic location and a wealth of features poised to attract visitors and residents alike. The property comprises a partially-completed 6-storey building, with approximately 85% of the construction already finished. Once completed, it will house a 79-roomed affordable hotel, designed to cater to the growing demand for accommodation in Cape Town. The ground floor will feature essential amenities such as the hotel entrance, coffee bar, and a business breakaway room, fostering a welcoming atmosphere for guests. On the top floor, a range of facilities including a restaurant, kitchen, bar, entertainment area, and a gambling facility for 6 slot machines will provide ample opportunities for revenue generation. Notably, the project has secured conditional approval for a liquor license, pending the completion of the development, which further enhances its appeal and revenue potential. Additionally, with the option to repurpose the property for student accommodation, addressing the pressing shortage in the Cape Town market, investors have a versatile opportunity to explore. To delve deeper into this investment prospect, interested parties can request comprehensive information including approved building plans, feasibility studies, architectural renders, and aerial photos via email. Currently open to offers, the property can be acquired in its current state or with funding to facilitate its completion, offering flexibility to investors. Structured payment plans are also on the table, catering to diverse financial strategies. Investors and developers have the option to engage in a Joint Venture (JV) or make an outright offer, providing various avenues to participate in this lucrative venture. Seize the opportunity to be part of this exciting project and capitalize on the potential for high returns in the thriving hospitality and accommodation market of Cape Town. Feasibility and building plans available on request. Ground floor - Coffee bar/Business breakaway room Top floor - Restaurant, Kitchen, Bar, Entertainment area and gambling facility for 6 slot machines Liquor licence conditional: approved subject to completion of development