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R 16 500 000

Commercial Property for Sale in Observatory

143 Lower Main Rd, Observatory, Cape Town

1 069 m²

Contact Broker

Trent Braga

Show Contact Number

Historical Trench Town Building In Observatory

This Victorian retail and restaurant property, featuring a double-storey Victorian building and a spacious single-storey events space, offers a versatile and income-generating opportunity. With triple-volume ceilings and a large outdoor area, the property is adaptable for various uses, including potential future residential development. Currently, it yields over 9% from long-term tenants, making it an attractive investment for those seeking high returns.

Located in a prime area with stunning views of Cape Town and proximity to major developments like the new Amazon offices, the property’s retail units come equipped with kitchenettes and toilets, while the event space boasts a large industrial kitchen. The buildings are in fair to good condition and ready for immediate use, with the potential for zero-rated tax benefits. This property is an exceptional opportunity...

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Property Overview

Listing Number

114789288

Type of Property

Commercial Property

Street Address

143 Lower Main Rd, Observatory

Listing Date

13 August 2024

Lease Type

Fully Serviced Lease (Gross Lease)

Gross Price

R 16 500 000

Net Price

R 16 500 000

Availability Date

08 August 2024

Floor Size

1069 m²

Zoning

General Business

Facilities

Bathrooms

In unit bathrooms

Communal bathrooms, Executive bathrooms, In unit bathrooms

Board Rooms

Can be added

Kitchens

Kitchen

Sink

Office/studies

Domestic Rooms

Reception Rooms

Height For Racking

2.5 m

External Features

Parking

Double parking, On street parking, Single parking, Triple parking, Visitor parking

Outside Areas

Front and Inside Unit

Balcony, Courtyard

Building

Building Name

143 Lower Main Road, Observatory (Trench Town)

Gross Lettable Area

1069 m²

Building Grading

B Grade

Multi Tenanted

Yes

Standalone Building

Yes

Number of floors

Height Of Roof

2.5 m

Height Of Eaves

2.5 m

Power Availability

Three Phase

Other Features

Height Restriction

2 m²

Nearby Public Transport

Bus, Train, Minibus Taxi

Internet Access

ADSL, Dial-up, Fibre, ISDN

Wheelchair Accessible

Yes

Generator

Yes

Points of Interest

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