R13,950,000
Investment property for sale in a great node of Observatory
This stunning property is ideally located in the busy retail and student node of Observatory and has a retail frontage onto both Station Road and Lower Main Road.
The building has lovely architectural features with great curb appeal. It is currently fully tenanted with 3 tenants and thus the property presents as an investment property where the purchase can be zero rated. The anchor tenant is the much loved Trenchtown bar and restaurant which has been a staple hangout in the area for many years.
The property has a "vacant land " component which is currently the open outside area for Trenchtown. This open area along with the zoning of General Business 1 allows for some development potential of a total bulk of 1610 sqm. Thus there is +- 700 sqm of GLA to be added within the zoning restrictions.
Contact to me to discuss or view this exciting opportunity. Rates, rentals, yields can be supplied upon enquiry.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,069m²
Land Size
1,073m²
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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