Retail · For SaleRef 6748441
Investment property for sale in a great node of Observatory
R 13 000 000
Observatory, Cape Town
Key facts
- Type
- Retail
- Floor size
- 1069 m²
- Land size
- 1073 m²
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.
Good to know
What is the asking price?+
This retail is on the market at R 13 000 000.
How many bedrooms and bathrooms does it have?+
It has 0 bathrooms.
How big is it?+
The floor size is 1069 m², on a 1073 m² erf.
Where is it located?+
It's in Observatory, Cape Town.
Bond repayment
Estimated monthly repayment
R 126 794
On a R 11 700 000 bond over 20 years at 11.75%.
Pre-qualified before you offer
Quay 1 partners with Jambo Home Loans. Get a bond pre-approval or speak to a consultant - they compare offers across the major banks on your behalf.
Call 087 474 0483