R19 500 006 | 435 m2 @ R44827 per m2
View more unitsBoasting 28 bedrooms - all en Suite, this 3 storey building serves as a flexible investment, lending itself to both a fantastic yield and the opportunity to shape the tenant profile in accordance with the buyer's vision.
Franky's Diner (with Casino), well known and thriving on the ground floor, serve to solidify and stabilize the yield as a secure anchor tenant.
The 2 floors of Hotel space hold a solid client base with a mix of corporate tenant's, loyal backpackers and students. Long, short and daily rental terms are in place, providing a broad offering to the public and affording the owner the certainty of excellent cash flow.
With a 24hr manager on duty, the convenience of every amenity in walking distance, a solid anchor tenant on the ground and 2 floors of Hotel space with a secure client base, this Investment Opportunity should be a serious consideration for all seasoned Investors.
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Backup Generator
Natural Ventilation
Balcony