Great development opportunity in a best position in Cape Town.

A Sleep Easy Hotel is situated on Green Point Main Road on a plot of 964 square meters with the spectacular views over the stadium and green trees recreation zone, minutes walk from the shops, parks, restaurants, pubs, sport clubs, Waterfront and my CityBus stop. The hotel has two parts: main building with 29 rooms, reception area, manager's office ,kitchen area and in house laundry facility and a historic building of 1920 with 10 rooms and a kitchen facilities, where renovation has been done.Property has an ample covered parking space and plenty of safe parking of street.

This property has an amazing opportunities for a developers and investors.
The existing buildings are 1300 square meters under roof. The front half of the property is zoned GR5 and the rear half is zoned GR4.
Maximum permissible height is 35 metres, which gives many options for a creation of residential building, bigger hotel, apartment building e.t.c.

Rates And Taxes: 5000
Levies: 5000
Property Reference #: 166

Agent Details:
Anna Green
Anna Green Properties International
Franschhoek, Cape Town