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R 39 000 000

Commercial Property for Sale in Goodwood Central

  • Floor Size 1 337 m²
Joint Venture opportunity

Goodwood property: In essence, the partially-completed development (say 85% complete) is located at 154 Voortrekker Rd, Goodwood (Rem Erf 8508 Goodwood) & comprises of a 6-storey (ground + 5) 79-roomed affordable hotel with communal ground floor (hotel entrance, coffee bar & business breakaway room) and top floor (restaurant, kitchen, bar, entertainment area & gambling facility for 6 slot machines). The liquor licence has been conditionally approved subject to completion of the development. We estimate that +-R5,5m will be required to complete the project. The project is also ideally suited to student accommodation, of which there is currently a dire shortage in Cape Town.

Email me to receive the following information:

1. Approved building plans.

2. Feasibility study

3. Architectural renders.

4. Aerial photos.

As mentioned, we are currently...

Goodwood property: In essence, the partially-completed development (say 85% complete) is located at 154 Voortrekker Rd, Goodwood (Rem Erf 8508 Goodwood) & comprises of a 6-storey (ground + 5) 79-roomed affordable hotel with communal ground floor (hotel entrance, coffee bar & business breakaway room) and top floor (restaurant, kitchen, bar, entertainment area & gambling facility for 6 slot machines). The liquor licence has been conditionally approved subject to completion of the development. We estimate that +-R5,5m will be required to complete the project. The project is also ideally suited to student accommodation, of which there is currently a dire shortage in Cape Town.

Email me to receive the following information:

1. Approved building plans.

2. Feasibility study

3. Architectural renders.

4. Aerial photos.

As mentioned, we are currently considering selling the property as-is (in its incomplete state) or procuring funding to complete same & selling it on completion – all offers will be considered. A structured payment plan will also be considered.

Listing number: P24-114040908, Image number: 1, Image
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Property Overview
Listing Number
114040908
Type of Property
Commercial Property
Listing Date
22 February 2024
Erf Size
456 m²
Floor Size
1337 m²
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