Rare Redevelopment Opportunity: Heritage-Approved Guesthouse Project in De Waterkant
Situated in the heart of the sought-after De Waterkant neighborhood, this prime property offers a unique opportunity for visionary investors and developers. With its approved redevelopment plans, dual-street access, and management readiness, this property is perfectly positioned to become a high-yielding hospitality or commercial asset.
Property Overview:
Location: Strategically located with entrances on both Loader Street and Strand Street, providing excellent accessibility and visibility.
Size: 66m² per floor across two levels, offering a total GLA of 132m² with further potential to include a rooftop terrace.
Status: Fully gutted and ready for redevelopment.
Approved Plans: Architectural
plans are included for a 4-bedroom guesthouse, designed to meet the demands of Cape Town’s competitive hospitality market.
Key Features:
Heritage Compliance: All necessary heritage and regulatory approvals have been finalized, allowing for immediate commencement of construction.
Professional Management in Place: The property is currently managed by the same reputable company overseeing another successful guesthouse in De Waterkant, ensuring a seamless transition into a fully operational business.
Dual Access and Parking: Two entrances (Loader Street and Strand Street) enhance flexibility, while the Strand Street side provides additional parking—an invaluable asset in this popular area.
Rooftop Terrace Potential: The property’s design includes the option to add a rooftop terrace with panoramic views of Table Mountain and the city, further boosting its market appeal and revenue potential.
Investment Highlights:
Ready for Conversion: With its approved guesthouse plans and management team in place, this property offers a straightforward path to becoming an income-generating asset.
High ROI Potential: At the asking price of R5.9 million, combined with redevelopment costs, this property is poised to deliver significant returns in Cape Town’s thriving hospitality sector.
Prime Location: De Waterkant is renowned for its cosmopolitan atmosphere, rich history, and proximity to key landmarks such as the V&A Waterfront and Cape Town CBD, ensuring consistent demand from local and international visitors.
Flexible Use Options: While ideally suited for a guesthouse, the property’s design and location make it equally suitable for boutique office spaces or other mixed-use developments.
Opportunities like this are rare. De Waterkant continues to attract premium buyers and tenants, driven by its vibrant lifestyle, historic charm, and growing property values. This project offers the chance to own a redeveloped asset in one of Cape Town’s most iconic and high-demand neighborhoods.
This is more than just a property—it’s an investment in Cape Town’s booming hospitality market.
Contact us today for a detailed financial analysis, redevelopment advice, or to schedule a viewing.
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