R18,999,000

R18,999,000

412m² Hotel For Sale in Salt River
Sole Mandate
394 Albert Road
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Locomotive Hotel FOR SALE

Web Ref. CL1218
Land size 370.00 m²
Floor size 412.00 m²
Monthly Bond Repayment
R173,791.31
FOR SALE: The Historic Locomotive Hotel — Salt River, Cape Town
An Exceptional Opportunity to Acquire a Fully Operational Heritage Property

This is a rare chance to own a distinguished heritage building in the heart of Salt River, Cape Town. The Locomotive Hotel presents a unique investment opportunity, combining historical significance with multiple revenue streams. With a long-standing presence in the area and a loyal customer base, this property offers immediate business potential and long-term growth.

Property Overview
Property Type: Commercial Heritage Property

Business Components: Hotel Accommodation, Bar with Indoor Braai and Pool Room, Liquor Store

Location: Salt River, Cape Town

Roof: Slate roof (installed 8 years ago)

Renovations: Comprehensive electrical and plumbing upgrades completed in 2013; tiled flooring replaced upstairs during the same period

Ground Floor Features
Bar Area:

Indoor braai

Five slot machines (operated on a hire basis)

Five televisions

Lounge area with tables and chairs

Integrated security camera system

Fully functional point-of-sale (POS) system

Entertainment:

Two jukeboxes (rented)

Liquor Store:

Dual access from both the street and interior of the hotel

Designed for customer convenience and efficient operation

Storage:

Spacious storeroom including a cold room

Manager's Office:

Strategically located for optimal oversight of daily operations

First Floor: Guest Accommodation
Total Rooms: 14

10 Single Rooms (sharing 6 well-maintained communal bathrooms)

4 Double Rooms

3 Double Rooms with private en-suite bathrooms

1 Double Room with balcony access

Laundry Facilities:

Two coin-operated commercial washing machines

Furnishings and Amenities:

All rooms are fully furnished and equipped with DSTV

Current Monthly Rentals:

Single Room: R5,000

Double Room: R6,000

Licensing and Compliance
Bottle Store License:

R6,000 per annum (09:00–18:00)

R6,000 per annum (18:00–20:00)

Pub License: 09:00–02:00

Sumpra License: R1,000 per annum

Slot Machine License: Operated under a 70/30 profit-sharing agreement

Summary
The Locomotive Hotel is more than a property—it is a fully operational business with an established clientele, reliable revenue streams, and ongoing potential for growth. Ideal for investors seeking a hands-on business or portfolio expansion, this offering stands out for its combination of historic character and commercial viability.

For further information or to schedule a private viewing, please contact us directly.

Features

Zoning
Commercial
Exterior
Security
Sizes
Land Size 370 m²
Floor Size 412 m²
Listing Info
Date Listed 08-08-24
Time Listed 10:33

Salt River, Cape Town

Disclaimer

While every effort will be made to ensure that the information contained within the Realtors International website is accurate and up to date, Realtors International makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.