Hotel For Sale in Peerless Park East, Kraaifontein

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Asking Price : R 14 000 000 (804 597 EUR*)

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Province:Western Cape City:Kraaifontein Suburb:Peerless Park East Bedrooms:15 Bathrooms:13 Erf Size: ± 5303 m2 Rates:R 13820 p/m

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Property Features
  • Access Gate
  • Entrance Hall
  • Fence
  • Fireplace
  • Kitchen
  • Squash Court
Renovate this versatile property to its past glory!!

This old Kraaifontein Hotel, currently used for Church services is situated opposite Kraaifontein Station. It can be renovated to its former glory and nostalgy of the 60's, be used as a wedding venue, can be transformed to a retirement village with frail care facilities or industrial park for light industries and storage units.

The property offers on the ground floor an entrance hall with reception area and large office, private dining room and lounge with kitchen, ideal for smaller functions, original dining room with adjacent kitchen that includes a walk -in fridge, wash room, office for the kitchen manager and court yard for deliveries.

Next to that is a large entertainment area with 2 bathrooms with doors to court yard.

The third entrance leads to the bar(old ladies bar with stunning wood finishes) with serving hatch to spacious lounge and separate kitchen for light meals.

Old style staircase with beautiful light fittings leads to top floor which consist of 15 bedrooms(13 with own bathrooms) and 1 separate toilet.

The outbuildings consist of servant quarters at the back of the building with 5 rooms, 2 bathrooms, 2 offices, toilet and walk-in fridge, 1 x 2 bedroom flat and 2 x 1 bedroom flats. There is also a storage facility with 2 bathrooms.

Rooms and flats is currently tenanted at minimal rent to people working for the church and people in need. Current rental income +/- R64 700 per months.

IDEAL DEVELOPMENT OPPORTUNITY!!

  • entrance hall
  • reception
  • 15 rooms
  • 13 bathrooms
  • 2 x separate toilet facilities
  • entertainment room
  • 2 x lounges
  • 3 x kitchens
  • bar
  • servant quarters
  • 1 x 2 bedroom flat
  • 2 x1 bedroom flat
  • store room
  • large parking area
  • lots of potential to add on
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