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Property For Sale Or Rent: Tuscan Style Self-Catering Apartments And Restaurant

South Africa

Crayfish Inn
Ramsgate,Kwa-Zulu Natal
Ramsgate
Kwa-Zulu Natal 4285
South Africa

Property for sale: R11,500,000 (Negotiable)

Hotel And Restaurant For Sale in Ramsgate, Kwa-Zulu Natal South Africa

The Crayfish Inn consists of 8 Stunning Luxury self-catering Apartments and a top quality Restaurant situated on one of South Africaâ€™s prestigious Blue Flag beaches. The apartments have superb finishes with breathtaking seaviews, private garden, swimming pool and top security. The Restaurant is regarded as one of the best in the area with a wonderful ambiance and fine dining.

The Crayfish Inn consists of 8 Stunning Luxury self-catering Apartments and a top quality Restaurant situated on one of South Africaâ€™s prestigious Blue Flag beaches. The apartments have superb finishes with breathtaking seaviews, private garden, swimming pool and top security. The Restaurant is regarded as one of the best in the area with a wonderful ambiance and fine dining. Together they produce an excellent income and are a good investment with huge potential for expansion on the prime property in Ramsgate.

PURCHASE PRESENTATION

The Crayfish Inn consists of 8 Stunning Luxury self-catering Apartments and a top quality Restaurant situated on one of South Africaâ€™s prestigious Blue Flag beaches. The apartments have superb finishes with breathtaking seaviews, private garden, swimming pool and top security. The Restaurant is regarded at one of the best is the area with wonderful ambiance and fine dining. Together they produce an excellent income and are a good investment with huge potential for expansion on the prime property in Ramsgate.
SALE PRICE

The value of the CRAYFISH INN has been carefully considered to provide a value for money investment for a prospective purchaser and a fair price for the seller and is determined as follows:
BUSINESS
The value of the business operation of both Restaurant and Inn has been carefully determined as follows: R 1,500,000
An inventory of all equipment valued at R 900,000

TOTAL VALUE OF BUSINESS R2,400,000
PROPERTY
The managers cottage, 9 CASABLANCA adjoining the Crayfish Inn and with direct access is a delightful 2 bed, 2 bath unit. There is a tranquil garden and patio plus accommodation for a domestic worker. The property is under separate sectional title. Valued at R 475,000

LOT 2105 RAMSGATE is held in a (PTY) LTD and is 3683 mÂ² in extent with Residential 2 development rights (any type of development max 3 stories):
â€¢ The FAR allowed is ,75 equal to 2728mÂ² and only 15% has been used
â€¢ The Coverage allowed is 50% equal to 1819mÂ² and only 17% has been used
This means that about 2300sqm can further be developed on the site either as completion of the proposed development as per proposed site plan or for example 23 x 3 bedroom units of approx 100 mÂ² each.
R 2,600,000

TOTAL VALUE OF PROPERTIESR 3,075,000

STRUCTURES
The Crayfish Inn is a new building completed in Oct 2004 designed with a Tuscan flavour and practical layout. There are carports, a delightful swimming pool, top quality security etc. The extent is 1122mÂ² plus 120 mÂ² additional standard structure for staff quarters and storage. Valued at R 5,000 mÂ² R 6,210,000
Sundries R 225,000

A unique garden cover at the restaurant (of state of the art UV resistant sail) can be adjusted as required for any weather conditions and makes this area the most popular. There are many interesting features like a huge copper fire place that is also used for preparing lamb on the spit. There is a feature bar made of indigenous woods, dance floor etc.
165 mÂ² valued at R 1,500 R 247,500

TOTAL VALUE OF STRUCTURES R 6,682,500

Additional detail and photographs can be found on our website
or enquire at
SALE PRICE

THE TOTAL PRICE FOR THE BUSINESS AND PROPERTIES IS
R 12,157,500 ZAR

Property Summary

Offered by		Owner
Construction Year		2004
Area		3,683 m2
Bedrooms		1
Bathrooms		1
Sleeps		2
Stories		2
Parking Spaces		22
Features		Furnished, Appliances, Maid's Quarters, Maid's Bathroom, Laundry Room, Pool, Balcony, Cable TV, Ocean View, Ocean Waterfront, Excellent Security, State-Of-The-Art Fire System, Room Service, Secure Off-Street Undercover Parking, 1 Minute Walk To Blue Flag Beach, Consists Of 7 X Bachelor Apartments, 1 X 1 Bedroom Apartment,