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.