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R 16 500 000

Industrial Property for Sale in Observatory

Observatory, Cape Town

Contact brokers for street address

800 m²

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This prime commercial property is located on the highly visible and bustling Observatory Main Road. Currently, the property is partially tenanted, featuring a fitment centre on the ground floor, with the 1st floor available for immediate occupancy. Zoned Mixed Use 2, the property offers a versatile range of uses including residential accommodation, offices, retail, and hotel, with the potential for conversion into a student residence.

Key Features:

Zoning: Mixed Use 2 (permits various uses including residential, offices, retail, hotel, and more)

Current Tenancy: Fitment centre on the ground floor; 1st floor vacant

Expansion Potential: Ability to add more floors and develop into student accommodation

Signage & Branding: High visibility with excellent signage opportunities on a busy main road

Power: Equipped with 3-phase power

Parking: 5 council parking bays directly...

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Property Overview

Listing Number

114752376

Type of Property

Industrial Property

Listing Date

05 August 2024

Erf Size

455 m²

Floor Size

800 m²

Rates and Taxes

R 4 015

Facilities

Bathrooms

Kitchens

Building

Power Availability

Three Phase

Points of Interest

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