Heritage Cape Town Gem

33 Hout Street, home to the famous Kings Hotel, is a stunning heritage building built in 1890, perfectly situated in Cape Town’s City Bowl. This freehold property, zoned GB7, currently operates as a boutique hotel with 17 en-suite rooms, a restaurant, and a ground-floor retail section called The Decks, hosting around 40 traders on month-to-month leases.

Spread over three interconnected floors, the property offers executive offices, boardrooms, meeting spaces, and open-plan areas, with potential to expand by adding up to seven additional floors. The hotel can be purchased as a going concern, including liquor licence and all equipment. Total GLA is 998m² for the hotel and 925m² for the retail area.

There are multiple stable revenue streams, and with a bit more energy, these can easily be doubled or tripled. The deal can be structured in different ways, and the price is quoted ex-VAT. Professional property management ensures smooth day-to-day operations, and the location near the CTICC, V&A Waterfront, and Long Street offers excellent networking and growth opportunities.

I have all the figures on hand, so if you’d like to discuss ROI or development potential, reach out directly. Contact Bryce Bekker for this property, or for any other large commercial purchases in and around Cape Town for all your commercial property needs.