Commercial Building for sale in Highgate

Commercial Building for sale in Highgate - 1EZ1756804
  • For sale
  • New listing

R 12,000,000
plus VAT thereon

Erf 3086 m²

Expenses

Rates and Taxes: 
R 15,000 per month
  • Alternate Water
Listing #: 1EZ1756804

Prime Landmark Investment Opportunity

Well-known Highgate landmark, the Highgate Hotel, offers multiple income streams and excellent development potential. The property features an established bar with a tenant in place, a valid liquor licence, and 32 rental rooms comprising a 5-bedroom house, outside rooms, newly built hotel rooms (all ensuite), and renovated accommodation.

Currently generating over R67,000 per month from only part of the available space, with significant scope to increase returns through further rentals, student accommodation, or commercial conversion. A former second bar offers ideal retail or business premises with good passing traffic exposure.

A versatile investment opportunity with strong existing income and outstanding growth potential.

Price excludes VAT.

Contact us for a private viewing.

Listing details

Other features

    • Walls
    • Plastered walls
    • Windows
    • Aluminium, wood windows
    • Commercial facilities
    • Restaurant
    • Boundary
    • Fence boundary
    • Exterior features
    • Water tanks
    • Security
    • Burglar bars and cctv cameras
    • Other
    • Prepaid electricity

East London Office

59 Beach Road, Nahoon, 5241, Eastern Cape
Registered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Specialised Property Practitioners (Pty) Ltd t/a Pam Golding Properties East London
East London Office details

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