Goodwood property: In essence, the partially-completed development (say 85% complete) is located at 154 Voortrekker Rd, Goodwood (Rem Erf 8508 Goodwood) & comprises of a 6-storey (ground + 5) 79-roomed affordable hotel with communal ground floor (hotel entrance, coffee bar & business breakaway room) and top floor (restaurant, kitchen, bar, entertainment area & gambling facility for 6 slot machines). The liquor licence has been conditionally approved subject to completion of the development. We estimate that +-R5,5m will be required to complete the project. The project is also ideally suited to student accommodation, of which there is currently a dire shortage in Cape Town.
Email me to receive the following information:
1. Approved building plans.
2. Feasibility study
3. Architectural renders.
4. Aerial photos.
As mentioned, we are currently considering selling the property as-is (in its incomplete state) or procuring funding to complete same & selling it on completion all offers will be considered. A structured payment plan will also be considered.
Investors / developers can either do a JV or a outright offer!
