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R 3 500 000

Commercial Property for Sale in Observatory

Observatory, Cape Town

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235 m²

Contact Broker

Neil Bernberg

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Lower Main Road Observatory | Live - Work | Restaurant.

This property has prominent frontage on popular Lower Main Road in Observatory. It is a great property for a restaurant with an existing gas cage and easy route for extraction, Lower Main Road Observatory is popular with restaurateurs. Live and work is also easy with the apartment on top and retail or office on the bottom. The property consists of corner retail premises on the ground floor and a 2-bedroom apartment on the 1st floor with separate access from Lower Main Road. The property is currently fully tenanted with the grocery store lease in operation until end March 2026, and the first-floor apartment until end March 2025. The retail space is situated on a corner enhancing its appeal for tenants. Lower main road in Observatory sees a high rate of foot and vehicular traffic especially at peak times.

The ground floor retail space has frontage onto Lower Main Road...

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Property Overview

Listing Number

114616740

Type of Property

Commercial Property

Listing Date

04 July 2024

Erf Size

136 m²

Floor Size

235 m²

Points of Interest

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