Full-scale conversion and development of the once acclaimed Swellengrebel Hotel Luxury Rooms
I am pleased to present this excellent investment and development opportunity in Swellendam.
This Residential Apartment Development consists of:
8 x Two-bedroom units 2 x One-bedroom units 3 x Bachelor flats 4 x Storerooms
Apartment G04 is fully completed and furnished and can be used as a show unit.
This is a very good investment opportunity, the location of the apartment block is conveniently in the centre of town and within walking distance from all amenities. Completely safe environment in a quiet cul-de-sac street. Beautiful mountain views.
The project has received most of the necessary approvals, including the local authority approval of the building plans. Most of the brick-work is done; all that remains is for you to transform the 24 bedroom hotel apartment block into 13 apartments.
Additional Information: Rental income annually: approximately R1 000 000 Pre-sales: Sectional Title purchase agreements for 3 units have been received with deposits/guarantees provided to the transferring attorneys.
Please contact me for more information. I have a willing seller who will be transparent and offer enough time for a proper due diligence.
Swellendam is a small and friendly town set at the foot of the Langeberg mountains in the Overberg district of the Western Cape. Located along the N2 almost exactly halfway between Cape Town and George, it is also the third-oldest town in South Africa (established in about 1745) and is renowned for having a large number of heritage sites and excellent examples of Cape-Dutch architecture.
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