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R 15 000 000

Commercial Property for Sale in Cape Town City Centre

101 Hout St, Cape Town City Centre, Cape Town

443 m²

Contact Broker

Ivan Van Der Merwe

Show Contact Number

Restaurant For Sale in Cape Town City Centre

This restaurant space, located at 101 Hout Street in the Cape Town City Centre, is for sale. The space is fully fitted and furnished and will be sold "AS IS". The space measures 443m² and comprises Section 3 and 4.

The space previously operated as Zsa Zsa and has been replaced by another restaurant. The purchaser will be purchasing the Lease Hold with 73 years remaining on it. A new lease agreement has been entered into with a well-established tenant that starts on 1 January 2025 and runs for 5 years. The lease escalates at 8.0% p.a. and the tenant pays all the expenses. A more detailed breakdown of the rental and expenses will be provided on request.

The CBD offers a strong commercial and retail presence with the tax beneficial Urban Development Zone (UDZ) extending from the CBD through to Maitland and the Southern Suburbs. The City bowl offers convenient office...

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Property Overview

Listing Number

115232868

Type of Property

Commercial Property

Street Address

101 Hout St, Cape Town City Centre

Description

Retail

Listing Date

18 November 2024

Erf Size

443 m²

Floor Size

443 m²

Zoning

Mixed Use

Building

Building Grading

A Grade

Power Availability

Single Phase

Points of Interest

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