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R 13 950 000

Commercial Property for Sale in Observatory

92 Station Road, Observatory, Cape Town

1 073 m²

Contact Broker

Neil Bernberg

Show Contact Number

Fully tenanted | lower main road | good yield

Fully let income generating investment located in the heart of Observatory. The properties location at the centre of Observatory's night life and social scene promises good long term tenancy and yield. Consisting of two buildings one of which is a Victorian-style building on Station road and the other is a single story building on Lower Main Road with impressive triple-volume ceilings and a large outdoor area. The Lower Main Road building houses Trenchtown a hallmark of the Observatory nightlife scene, and the Station Road property houses an esoteric lifestyle shop and a new tenant. The property boasts prominent frontage onto Lower Main Road where Observatory's vibrant nightlife begins and continues along this bustling street. The property is sold subject to the lease. It is a VAT applicable sale in other words VAT will be added to the purchase price, but the sale...

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Property Overview

Listing Number

114954200

Type of Property

Commercial Property

Street Address

92 Station Road, Observatory

Listing Date

18 September 2024

Erf Size

1 073 m²

Floor Size

1073 m²

Levies

R 1

Rates and Taxes

R 7 185

Zoning

General Business

Points of Interest

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