The seller offers this property and business as a single indivisible going-concern transaction. Negotiations of price, terms and conditions commence at R7,500,000, and it is noted that our client desires to achieve a final sale consideration of between R7,500,000 and R11,500,000, subject to and contingent upon the final terms and conditions of sale agreed between the parties. It is expressly recorded that no figure published herein constitutes an offer to sell or a binding representation of price, and that the terms, structure and conditionality of any offer shall be weighted equally to — and in certain circumstances above — the purchase consideration itself. Only written offers will be presented, and no information or access will be provided prior to the execution of a signed written offer incorporating a thirty-day structured due diligence period. Cash offers must be supported by confirmation of available funds from a South African Reserve Bank regulated commercial bank or an institution of equivalent standing. Qualified, serious purchasers are invited to engage — exclusively on the terms set out above.
Icon Property Group proudly presents to the market one of the most compelling going-concern opportunities to emerge in the Cape Metropolitan East in recent years — a landmark mixed-use commercial property at 20 Kerk Street, Kuilsriver, Cape Town, offered complete with a thriving hospitality business, all associated licences, and the full complement of fixtures, fittings, movable assets and stock as a single, indivisible transaction.
Positioned on a commanding corner site at the intersection of Kerk Street and the Carinus Street extension, this free-standing double-storey building enjoys exceptional street visibility and a physical presence that few commercial properties in the area can match. With dedicated on-site parking and immediate proximity to schools, medical facilities, major arterial routes and established retail infrastructure, the location alone speaks volumes about the strategic value embedded in this asset.
The ground floor is home to the Algarve Restaurant and Bar — a warm, well-established hospitality destination that has built a loyal and growing following within the Kuilsriver community. Featuring a fully equipped professional kitchen, a generous front-of-house trading area, and all the infrastructure of a business in active, profitable operation, this is not a start-up prospect — it is a going concern with real momentum, real clientele, and real income.
The upper level adds a further dimension to this already versatile property, providing residential accommodation that broadens the asset's utility and income potential well beyond that of a single-use commercial building. Whether retained for operational use or leveraged as an additional income stream, the flexibility this level affords is a distinct and valuable advantage.
The business holds a Western Cape Liquor Authority licence — among the most sought-after and difficult-to-obtain assets in the South African hospitality sector. For the incoming owner-operator, this means the ability to trade from day one. For the investor, it represents a layer of embedded value and competitive advantage that no amount of capital can quickly replicate. Combined with the goodwill, brand recognition and years of consistent community presence, this is an intangible premium of considerable worth.