Accepting Offers.
DESCRIPTION:
Remarkable commercial retail property presenting a blend of versatility and lucrative prospects for savvy investors. Nestled in the vibrant Observatory.
• Prime corner location for maximum visibility!
• Ground floor: Currently leased until March 31, 2026. Retail. Features a roller shutter door for
off street parking for 2 small vehicles, offices, yard space, restroom, and ample storage.
• First floor: Also leased until March 31, 2025. Comprises a 110m² , 2-bedroom apartment with
1 bathroom, office space, open-plan kitchen and living area, and a open balcony with
stunning Mountain views.
The cafe lease terminates 31 March 2026, Rent is R13,375 p.m.
The apartment above lease terminates 31 March 2025, Rent is R12000p.m
Rates R2067.53, CID R425.51, Tenants pay for all water and electricity.
DETAILS:
• Erf size: 136m²
• Zoning: General Business 1
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Observatory, Cape Town, Western Cape