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R 3 500 000

Commercial Property for Sale in Observatory

  • Floor Size 207 m²
Prime 207m2 Retail Shop/Apartment Property For Sale in Observatory, Cape Town

A rare find in the heart of vibrant Observatory. This dual-purpose property offers the best of both worlds—a retail space on the ground floor and a spacious apartment above. Perfect for an investor, entrepreneur, or owner-occupier looking to work and live under one roof!

Property Features:

Ground Floor: Open-plan retail shop that leads into a small courtyard that has a roller shutter door that opens onto Bishop Street.

First Floor: A two-bedroom apartment featuring an open-plan living room and kitchen, plus a bathroom—ideal for rental income or personal use.

Why This Location:

Prime Lower Main Road position with high visibility and foot traffic.

Transport links: Easy access to MyCiTi bus routes, train stations, and major roads.

Trendy cafe´s, bars & restaurants just a stroll away.

Surrounded by boutique stores, creative spaces, and convenience shops.

Close to UCT...

A rare find in the heart of vibrant Observatory. This dual-purpose property offers the best of both worlds—a retail space on the ground floor and a spacious apartment above. Perfect for an investor, entrepreneur, or owner-occupier looking to work and live under one roof!

Property Features:

Ground Floor: Open-plan retail shop that leads into a small courtyard that has a roller shutter door that opens onto Bishop Street.

First Floor: A two-bedroom apartment featuring an open-plan living room and kitchen, plus a bathroom—ideal for rental income or personal use.

Why This Location:

Prime Lower Main Road position with high visibility and foot traffic.

Transport links: Easy access to MyCiTi bus routes, train stations, and major roads.

Trendy cafe´s, bars & restaurants just a stroll away.

Surrounded by boutique stores, creative spaces, and convenience shops.

Close to UCT and Groote Schuur Hospital, ensuring demand for rentals.

Retail Shop:

Current rental: R13,375.00/month

Current lease termination date: 31 March 2026

Apartment:

Current rental: R12,000.00/month

Current lease termination date: 31 March 2025

Sale Exclusions:

Rates: R2067.53

CID Levy: R425.51

Water & Electricity: Paid by tenants.

A fantastic investment in a buzzing, creative suburb! Don’t miss out, enquire today for a viewing.

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Property Overview
Listing Number
115527479
Type of Property
Commercial Property
Listing Date
04 February 2025
Floor Size
207 m²
Levies
R 1
Special Levy
R 1
Rates and Taxes
R 2 068
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