On Auction: Guesthouse in Green Point

Prime guesthouse property offering an exceptional investment or development opportunity.

The affluent suburb of Green Point, in the Western Cape’s Atlantic Seaboard, offers residents picturesque sea views, beautiful beaches and a choice selection of top-rated restaurants, cafés and boutique stores. Positioned close to the city centre and offering easy access to both the national highway routes and the beachfront, Green Point has attracted young professionals and families seeking the best of Cape lifestyle living.??

Dale Court Guesthouse (1 Exhibition Terrace) presents a great investment opportunity, offering a projected net annual income of R3 892 274. With 44 comfortable, air-conditioned bedrooms (with en suite bathrooms), a sunny reception area, lounge, communal kitchen, covered atrium and an office, this property is well-equipped.?

Conveniently situated just off Green Point Main Road, this property offers easy access to the M6 highway and a number of must-visit locations, including the V&A Waterfront, Neighbourgoods Market, the Iziko Museums, the Castle of Good Hope and the Artscape Theatre – to name a few.?

Property details

Property size: 1 289 m2

GLA: 1?800?m2

Registration number: Available on request

Registered Owner: Sofia da Conceicao Quental da Costa

Vat registered: Yes

Our thoughts on this property:

A comment from?Itai Ilouze, Western Cape Regional Head of Brokering, Galetti Corporate Real Estate, on this property: “The 2023 Telegraph Awards has named Cape Town the ‘best city in the world’, making it a destination of choice for travellers and digital nomads. Property investors looking to cash in on the tourist trade will not be disappointed in this great guesthouse property. Spacious, well-appointed and perfectly located in one of the Cape’s most exciting suburbs, this property holds superb potential”.?

Want to place your bid??Register?to join us at our not-to-be-missed auction on 16 August 2023! The auction starts at 12pm at The Capital, 15 on Orange Hill.

Find out more about this property.