Commercial Property for Sale: The Historic Locomotive Hotel in Salt River A Rare Opportunity to Own a Heritage Building with a Thriving Business!
Are you looking to invest in a unique and profitable commercial property? Look no further! The Locomotive Hotel, a distinguished heritage building located in the heart of Salt River, is now available for purchase. This property offers a remarkable opportunity to own and operate a well-established, multifaceted business.
Property Overview:
Type: Heritage Hotel, Bar with Indoor Braai and Pool Room, Liquor Store Location: Salt River, Cape Town Building Structure: Slate Roof (8 years old) Renovations: In 2013, the upstairs tiles were replaced, along with comprehensive electrical and plumbing upgrades. Ground Floor Features:
Bar Area: Includes an indoor braai, 5 slot machines (on hire), 5 TVs, a lounge area with tables and chairs, security cameras, and a POS system. Entertainment: 2 jukeboxes (on rental). Bottle Store: Accessible from both the street and the hotel interior, ensuring convenience for customers. Storage: Spacious storeroom with a cold room. Manager's Office: Strategically located for easy management of operations. Upstairs Accommodations:
Total Rooms: 14 (10 Single Rooms, 4 Double Rooms) En-Suite Bathrooms: 3 Double Rooms feature private en-suite bathrooms. Balcony: 1 Double Room offers a charming balcony. Communal Bathrooms: 10 Single Rooms share 6 well-maintained communal bathrooms. Laundry: 2 commercial coin-operated washing machines. Current Rentals: 1 Single Room: R5000 per month 1 Double Room: R6000 per month Furnishings: All rooms are fully furnished and equipped with DSTV. Additional Amenities:
Security Room: Located downstairs for enhanced safety. Licenses Included: Bottle Store License: R6000 per annum (09h00 - 18h00) + R6000 per annum (18h00 - 20h00) Pub License: 09h00 - 02h00 Sumpra License: R1000 per annum Gamble Machine License: 70/30% profit split This is not just a property; it's a thriving business that has been meticulously maintained and updated. Whether you're an investor looking to expand your portfolio or an entrepreneur ready to take the reins of an iconic establishment, the Locomotive Hotel offers the perfect blend of history, functionality, and profitability.
Don't miss out on this incredible opportunity to own a piece of Salt River's history. Contact us today for more details and to arrange a viewing!
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
