Commercial - Retail for Sale in Observatory

Description

Accepting Offers Description: An opportunity to purchase a part of history. Located in the best node, amongst the hip bars and restaurants. This building has a lot to offer. Currently the home of Pancho’s, one of Cape Town’s renowned and best Mexican restaurants. Established over 40 years ago, Pancho’s has been a landmark in Observatory and known amongst locals and internationally. The building is currently run as a fully equipped 250-seater restaurant. Ground floor includes: • Road exposure and window seating • Bar/cocktail area • Multiple seating areas • Ablution facilities for male and female guests • Full commercial kitchen Second floor includes: • Multiple seating area • Large enclosed balcony overlooking the popular Lower Main Road • Ablution facilities • Smaller kitchen which comes with a vintage dumbwaiter • A roof top deck bar and cocktail lounge area with beautiful view of the mountain, great for those summer evenings. Second Floor Unique Feature: • Residential accommodation which includes a large bedroom with built-in cupboard. Full modern bathroom with corner bath tub, twin shower and his & hers basins. PLEASE NOTE: The purchase price is only for the property and not equipment, fixtures and furniture. This can be purchased at an extra cost. An opportunity exists to purchase this well-established turnkey and fully equipped business. NDA will need to be completed should further information be required. Details: • Erf no: 27008 • Erf size: 299m²