About This Property
VERSATILE INCOME-GENERATING PROPERTY – IDEAL FOR SHORT-TERM ACCOMMODATION, AIRBNB, STUDENT HOUSING OR OWNER-OPERATOR INVESTMENT
An exciting opportunity awaits the discerning investor or hands-on hospitality operator in the well-established and centrally located suburb of Crawford, Cape Town.
This spacious 379 m² ground-floor commercial property offers multiple income streams, with significant potential to increase revenue through active management, effective marketing and optimal utilisation of the available facilities.
Key Property Features
-
5 well-appointed, hotel-style en-suite bedrooms, suitable for short-term guests, Airbnb accommodation or longer-term residential letting.
-
Spacious communal kitchen and dining area, with the dining room also suitable for meetings or boardroom use.
-
Separate reception and multipurpose room, ideal for skills training, workshops, meetings or private functions.
-
3 dedicated secure parking bays, with additional street parking available.
-
Convenient ground-floor access.
-
Established accommodation facilities offering an attractive opportunity for an investor-operator.
-
Strategically situated in Crawford, with convenient access to Athlone, Rondebosch East, surrounding commercial areas and major transport routes.
Attractive Income Potential
The property offers flexibility to generate income from several complementary sources.
1. Short-Term Accommodation / Airbnb
The five en-suite bedrooms are currently offered at approximately R950 per room per night, with potential to charge R1,100 per night where breakfast is included.
At R950 per room per night, the accommodation could generate:
-
50% occupancy: approximately R71,250 per month.
-
65% occupancy: approximately R92,625 per month.
-
75% occupancy: approximately R106,875 per month.
These figures represent illustrative gross accommodation revenue before operating expenses, booking fees and other costs.
2. Additional Rental Income
A potential skills-training tenant has indicated willingness to rent the multipurpose reception room for R10,000 per month, providing an opportunity for an additional income stream.
3. Additional Accommodation Expansion
A further four rooms and storage space, controlled by the body corporate, may potentially be rented by arrangement for approximately R4,000 per room per month.
Subject to the necessary approvals and agreements, these rooms could potentially be sublet at approximately R5,000 per room per month, creating an additional gross income opportunity of R20,000 monthly against R16,000 in room rental costs.
Investor-Operator Opportunity
An active owner-operator who focuses on marketing, guest bookings, corporate accommodation, student housing and complementary business activities could potentially increase revenue by 40%–50%, subject to market demand and effective management.
Indicative body corporate levies and municipal charges are approximately R16,000 per month combined, excluding other hospitality operating costs.
Why Invest?
This property presents an opportunity to acquire a versatile income-producing asset with established accommodation facilities, multiple potential revenue streams and scope for further business growth.
Contact us to arrange a private viewing and discuss the investment potential of this unique Crawford property.
All income projections are illustrative and are not guaranteed. Additional room usage, rental arrangements and proposed activities are subject to body corporate consent, applicable approvals and relevant agreements.
Features
Year Built
2008
Floor Size
313 m²
Property Type
Commercial
Listing Purpose
Sale
Levy
8000 Estimated Price
Municipal Rates
8000 Estimated Price
Occupation
On Transfer
Floor Number
1
Coverage %
80
Total Floors
1
En-Suites
5
Furnished
Yes
Property Tags
Rooms
Reception Rooms
1
Multi=purpose room
Bathrooms
5
Kitchen
1
Lounges
1
Amenities
Parking Spaces
3
Parking bays behind security fence.
Stove/Oven
Office
Office 1
Amenities
- Aircon
- Solar Geyser
- Backup Battery or Inverter
- Built in Cupboards
- Furnished
- TV
- Fibre
- DSTV
- Burglar Bars
- Cameras
- Security Gates
- Intercom
- Remote Access
- Secure Parking
- On Street Parking
