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R 2,650,000
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Presenting an exceptional investment opportunity, this iconic property is now available for sale, with an original asking price of R3,200,000. Whats on offer? The esteemed CRAYFISH INN Restaurant Business Seller: BLU CHU CC (Registration #2011/021338/23) The PREMISES Seller: DECAPODA PALACE CC (Registration #2011/033089/23) The restaurant premises (505 sq.m.) encompass: SECTION #09: Storeroom (10 sq.m.) SECTION #10: Storeroom & Bathroom (20 sq.m.) SECTION #11: Indoor Dining & Kitchen (184 sq.m.) SECTION #12: Office (12 sq.m.) Exclusive Use Area RA11: Scullery Fridge/Freezer/Store (59 sq.m.) Exclusive Use Area RD11: Outdoor Garden Dining under Tent (204 sq.m.) Exclusive Use Area SR11: Store (16 sq.m.) Seven (7) allocated open parking bays on-siteImmerse yourself in the enchanting seaside village of Ramsgate, where this landmark property awaits. Boasting a rich history dating back to the early 1940s, the renowned Crayfish Inn Restaurant has become synonymous with superb seafood, attentive service, and a laid-back ambiance. Ideally situated just 100 meters from the pristine Blue Flag Ramsgate beach, this lovely restaurant captivates both casual diners seeking a relaxed experience in the charming tented garden area and those looking for a formal fine dining setting within the original Crayfish Inn building.Completing the allure of this property is its convenient on-site parking and the inclusion of the restaurant property in the selling price. Sports enthusiasts can catch their favourite games on the DSTV Sports channels while savouring a drink in the fully licensed restaurant. Special events and occasions, regardless of size, are skill-fully catered for by arrangement, ensuring unforgettable experiences for guests. Additionally, businessmen passing by will appreciate the availability of Wi-Fi facilities.Furthermore, the property has been sectioned into various blocks. Block A consists of eight residential apartments, while Block X is currently and historically occupied by the Crayfish Inn Restaurant. Blocks B, C, and D offer potential for future development, providing prospects for expansion and diversification.The Crayfish Inn Restaurant, steeped in tradition and success, presents a legendary culinary establishment on the South Coast of KwaZulu-Natal. Operating since 1944, this renowned eatery has proudly served the community and delighted holidaymakers with the finest seafood and steaks. From 2011 to 2020, the seller skill-fully managed the business, yielding profitable results (refer to turnover figures provided). However, since 2021, a tenant has occupied the premises in breach of the lease agreement. A dispute exists with the local authority regarding incorrect land zoning, although Special Consent has been obtained to continue operating the restaurant.This unique opportunity invites a restaurateur with the right vision to resurrect the establishments former glory. With a fully ...Property Reference #: CL93Agent Details:Garnett CoetzeeReal and Proper TNo 1 Bank Street (Corner Bank Street and Marine Drive)MargateKwaZulu Natal
2mo
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