Business For Sale in SIMONS TOWN, SIMONS TOWN

Property Description

Investment of a life time!! This property is an absolute gem with breath taking views of the Simons Town basin and surrounding harbour. Situated along the main road its a real eye catcher in a busy tourist area. This historic building was established in the 1800s and has always been used as a hotel/ backpackers as well as five shops downstairs all with commercial rights. The upstairs is a large accommodating space of 12 bedrooms, 4 en-suites (6 bathrooms in total), large open lounge area, patio/braai area with amazing views, fire place, kitchen/ pantry, staff accommodation and beautiful old hard wood floors throughout. The lower level area is divided into 5 shops all of which get plenty of foot traffic. All shops have storage and bathroom space at the back and provide excellent opportunity for the right investor. The total erf size is 897 m2 of which 350 m2 is the backpackers. Currently the entire property is situated on two different even, but is in the process of being consolidated. There is a fantastic rental return of approximately 9.2 PERCENT Dont miss out on this fantastic investment.

Agent Details

Contact Taryn McLullich on Show Number or leave your details here and they will get back to you.