R8,500,000
Standalone retail property for sale in the hub of Observatory
Located on bustling Lower Main Road in Observatory, Cape Town, this 579 m² commercial property is a prime opportunity for investors and entrepreneurs.
Featuring a versatile layout, the property is currently home to the well-known Armchair Theatre however the property could accommodate various uses, such as restaurants, bars, nightclub, or any retailer looking to break in to the local market. With a large kitchen,, a courtyard, and drive-in access, the space is equipped for easy operation. It is zoned General Business 1, offering redevelopment potential for student housing or other ventures. The property can be sold with the existing tenant as a going concern or it can be vacant on transfer.
The ideal location in the vibrant Observatory node, known for its lively atmosphere and excellent public transport links, enhances its appeal. Whether as an income-generating asset or a redevelopment project, this property offers exceptional potential for growth in a highly sought-after area.
Contact me for more info (Plans, rates, rental, etc) or to arrange a viewing
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
579m²
Land Size
579m²
Observatory, Cape Town
Observatory is one of Cape Town's most Victorian-esque suburbs owing to its alternate, artistic and vintage feel to it all wrapped into one. The colourful homes, narrow streets and close proximity to cafes, restaurants and bars, make it a popular place to relocate.
Observatory is also one of Cape Town's most appealing suburbs for young families and students who are studying at the University of Cape Town,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty 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.