Guest Houses in South Africa province Western Cape, Caledon, Caledon
R6 500 000
Ad ID 209791
This Exclusive Sole Mandate is for R6.5 million PLUS VAT.
This historic building, the jewel of Mill Street is currently rented out for permanent accommodation and business shops.
This property has a very high rental income - enough to cover the full payments of a full bond.
-25 Rental rooms/flats
-at least 8 Business units (one very large kitchen)
There is a huge shortage of rental property and weekend accommodation in Caledon. This building has the potential to be converted into weekend accommodation. One room is already revamped.
Centrally located on a large stand of ±2059m² and conveniently close to all amenities.
This multi-purpose building is an excellent business opportunity. The existing building on this large plot was previously used as a hotel. The building being sturdy and possibilities are endless. It is strategically situated near a residential area but close to all amenities.
It is close to the Victoria Mall, Caledon Casino and 'Die Woud' wedding venue. It is under half an hours drive from Hermanus and just over a hour from Cape Town.
Potential to buy separate Pub business with VERY good income.