POA | business property for sale in langeberg ridge

A 4 Star, currently 44 en-suite room Hotel, Restaurant and Conference Venue (4) with a spa facility situated in the Northern Suburbs of Cape Town. The property currently has 118 parking bays. The hotel has been primarily a corporate destination and aimed to meet the demand for the upper accommodation and conferencing market in the Northern Suburbs. Durbanville is an affluent lifestyle suburb that has an active business hub where many companies have chosen to locate their national and regional head offices. The area also offers a wine route with over 15 wine farms, excellent shopping centres, golf courses, and mountain bike trails. Curro university recently opened near-by and an airport just north of Cape Town is planned for in 2027. It also has easy access to the existing airport via the N1 or R300 freeways. The city has an appetite for densification in the area. The properties are 1.6 hectares in size, are consolidated and zoned GB2 and thus allowing for 100% coverage and one and a half for bulk. While the hotel is currently operational, three development options have been explored. Additional costs such as geotechnical requirements and heritage queries have been addressed, resolved and paid for. The idea was to keep the hotel in the centre and create a lifestyle estate around the hotel, the vision being that the conferencing function would assist with covering the costs of the clubhouse space and thus bring the levies for the apartments down, while simultaneously providing lifestyle features for apartment residents, ie the pool, gym, laundry and restaurant. Please note that pictures are artists impression.