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R 11 499 000

Commercial Property for Sale in Cape Town City Centre

Cape Town City Centre, Cape Town

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484 m²

NO TRANSFER DUTY

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Prime Commercial Property with Stable Income, Long Term Leases, Secure Returns & Re-development Potential

Located on vibrant Church Street, this fully tenanted, 3-storey commercial property provides immediate returns from 3 established tenants on 5-year leases.

Situated in a high-foot-traffic area, it’s a solid investment with secure rental income, strong redevelopment potential, and a prime location in Cape Town’s bustling CBD.

Location: Church Street, Cape Town City Centre

Zoning: General Business 7 (GB7)

Total Floor Space: 484m²

Tenants: 3 Occupied Units on 5-Year Leases

Additional Bulk Potential: 966m² for 6 more floors

Building Grade: 3A

Price Advertised Includes VAT

Heritage Value & Architectural Significance:

Located on vibrant Church Street, this fully tenanted, 3-storey commercial property provides immediate returns from 3 established tenants on 5-year leases.

Situated in a high-foot-traffic area, it’s a solid investment with secure rental income, strong redevelopment potential, and a prime location in Cape Town’s bustling CBD.

Location: Church Street, Cape Town City Centre

Zoning: General Business 7 (GB7)

Total Floor Space: 484m²

Tenants: 3 Occupied Units on 5-Year Leases

Additional Bulk Potential: 966m² for 6 more floors

Building Grade: 3A

Price Advertised Includes VAT

Heritage Value & Architectural Significance:

Featured in the 1977 Buildings of Cape Town, the building is known for its original shops on the ground floor, large-pane sash windows, and decorative pilasters. While the façade is protected, the interior can be reconfigured, offering modern flexibility. The property is ideal for maintaining its historic charm while enhancing its usability.

Re-development Potential:

The heritage status applies only to the façade, allowing for significant interior upgrades. A well-designed proposal could add additional storeys above the existing structure, as successfully done with similar heritage buildings. The site includes 966m² of additional bulk, allowing for vertical expansion while preserving the building’s unique character.

Heritage Status: Graded IIIA (City of Cape Town Grading System)

Heritage Zone: Central City Heritage Protection Overlay Zone (HPOZ)

Current Layout & Usage:

Ground Floor: 168m² - Perfect for retail or café use.

First Floor: 168m² - Suited for boutique offices or studios.

Second Floor: 168m² - Ideal for creative workspaces or consulting suites or even an apartment.

This property is perfect for investors seeking stable income and high-growth potential through strategic redevelopment.

Don’t miss out on this rare opportunity!

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Property Overview

Listing Number

114993769

Type of Property

Commercial Property

Description

Office

Listing Date

28 September 2024

Gross Price

R 11 499 000

Net Price

R 10 000 000

Erf Size

168 m²

No Transfer Duty

Yes

Rates and Taxes

R 6 750

Zoning

General Business

Building

Gross Lettable Area

484 m²

Building Grading

AAA Grade

Number of floors

Other Features

Internet Access

Fibre

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.