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R 19 000 000

Commercial Property for Sale in Salt River

Salt River, Cape Town

Contact brokers for street address

412 m²

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Locomotive Hotel FOR SALE

Commercial Property for Sale: The Historic Locomotive Hotel in Salt River

A Rare Opportunity to Own a Heritage Building with a Thriving Business!

Are you looking to invest in a unique and profitable commercial property? Look no further! The Locomotive Hotel, a distinguished heritage building located in the heart of Salt River, is now available for purchase. This property offers a remarkable opportunity to own and operate a well-established, multifaceted business.

Property Overview:

Type: Heritage Hotel, Bar with Indoor Braai and Pool Room, Liquor Store

Location: Salt River, Cape Town

Building Structure: Slate Roof (8 years old)

Renovations: In 2013, the upstairs tiles were replaced, along with comprehensive electrical and plumbing upgrades.

Ground Floor Features:

Bar Area: Includes an indoor braai, 5 slot machines (on hire), 5 TVs, a lounge area with tables and...

Commercial Property for Sale: The Historic Locomotive Hotel in Salt River

A Rare Opportunity to Own a Heritage Building with a Thriving Business!

Property Overview:

Type: Heritage Hotel, Bar with Indoor Braai and Pool Room, Liquor Store

Location: Salt River, Cape Town

Building Structure: Slate Roof (8 years old)

Renovations: In 2013, the upstairs tiles were replaced, along with comprehensive electrical and plumbing upgrades.

Ground Floor Features:

Bar Area: Includes an indoor braai, 5 slot machines (on hire), 5 TVs, a lounge area with tables and chairs, security cameras, and a POS system.

Entertainment: 2 jukeboxes (on rental).

Bottle Store: Accessible from both the street and the hotel interior, ensuring convenience for customers.

Storage: Spacious storeroom with a cold room.

Manager's Office: Strategically located for easy management of operations.

Upstairs Accommodations:

Total Rooms: 14 (10 Single Rooms, 4 Double Rooms)

En-Suite Bathrooms: 3 Double Rooms feature private en-suite bathrooms.

Balcony: 1 Double Room offers a charming balcony.

Communal Bathrooms: 10 Single Rooms share 6 well-maintained communal bathrooms.

Laundry: 2 commercial coin-operated washing machines.

Current Rentals:

1 Single Room: R5000 per month

1 Double Room: R6000 per month

Furnishings: All rooms are fully furnished and equipped with DSTV.

Additional Amenities:

Security Room: Located downstairs for enhanced safety.

Licenses Included:

Bottle Store License: R6000 per annum (09h00 - 18h00) + R6000 per annum (18h00 - 20h00)

Pub License: 09h00 - 02h00

Sumpra License: R1000 per annum

Gamble Machine License: 70/30% profit split

This is not just a property; it's a thriving business that has been meticulously maintained and updated. Whether you're an investor looking to expand your portfolio or an entrepreneur ready to take the reins of an iconic establishment, the Locomotive Hotel offers the perfect blend of history, functionality, and profitability.

Don't miss out on this incredible opportunity to own a piece of Salt River's history. Contact us today for more details and to arrange a viewing!

Listing number: P24-114771556, Image number: 1

Listing number: P24-114771556, Image number: 2

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Listing number: P24-114771556, Image number: 7

Listing number: P24-114771556, Image number: 8

Listing number: P24-114771556, Image number: 9

Property Overview

Listing Number

114771556

Type of Property

Commercial Property

Listing Date

08 August 2024

Erf Size

370 m²

Floor Size

412 m²

Zoning

Mixed Use

Building

Building Name

Locomotive Hotel

Points of Interest

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