Prime Development Opportunity in the Heart of Cape Town
This property offers 38 already sectionalised hotel units, 10 spacious 57 sqm units and 28 compact 37 sqm units, all within a single company structure for a smooth transfer. The building also includes 512 sqm of ground-floor retail space.
While the current hotel operation is no longer profitable, the asset holds exceptional potential for conversion or repurposing, such as:
• Long-stay or co-living apartments
• Student or short-stay accommodation
• Mixed-use redevelopment integrating hospitality, residential, or commercial use
Located in the vibrant Foreshore precinct, minutes from the V&A Waterfront, Convention Centre, and transport hubs, the site combines scale, location, and flexibility rarely found in the CBD.
Highlights:
• 38 sectionalised units with individual titles
• 512 sqm of retail
• Ideal for conversion or redevelopment
• Prime CBD position surrounded by new developments
Price excludes VAT.
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