21 Bed Apartment in Swellendam

GREAT INVESTMENT AND DEVELOPMENT OPPORTUNITY

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.