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.
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
Sizes
Listing Info
Observatory, Cape Town
- Street map
- Street view
Finance
Calculators:
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.
