R 55 000 000

Commercial Property for Sale in Somerset West Central

95 Main Rd, Audas Estate, Cape Town, 7130, South Africa, Somerset West Central, Somerse...

6 676 m²

Commercial / retail property for Sale in the heart of Somerset West, CBD

Prime Development Opportunity on Main Road, Somerset West

Location and Coverage: Situated on Main Road, Somerset West, this prime property is offered alongside an additional rear property, extending between Main Road and Andries Pretorius Street. Together, they cover a substantial ground area of 5,078m².

Building and Surroundings: The building, a landmark in the Somerset West CBD, includes tenanted ground, first, and second floors, as well as a rooftop. The surrounding area features major banks, supermarkets (Woolworths, Checkers, Shoprite, Pick 'n Pay), and popular retail stores (Russells, Ackermans, Pep, Clicks, Jet).

Local Development and Investment Potential: The local precinct is experiencing significant regeneration and development, fostering a vibrant environment of restaurants and retail shops that support a work-live-play lifestyle. This revitalisation is...

Prime Development Opportunity on Main Road, Somerset West

Location and Coverage: Situated on Main Road, Somerset West, this prime property is offered alongside an additional rear property, extending between Main Road and Andries Pretorius Street. Together, they cover a substantial ground area of 5,078m².

Building and Surroundings: The building, a landmark in the Somerset West CBD, includes tenanted ground, first, and second floors, as well as a rooftop. The surrounding area features major banks, supermarkets (Woolworths, Checkers, Shoprite, Pick 'n Pay), and popular retail stores (Russells, Ackermans, Pep, Clicks, Jet).

Local Development and Investment Potential: The local precinct is experiencing significant regeneration and development, fostering a vibrant environment of restaurants and retail shops that support a work-live-play lifestyle. This revitalisation is expected to enhance property values significantly.

Infrastructure Improvements: The City of Cape Town has invested R65 million in upgrading the Somerset West Public Transport Interchange (PTI), located near this property, demonstrating the City’s confidence in the area’s potential.

Development Potential: This property offers mixed-use development potential, catering to various market segments and addressing the shortage of residential rental stock. The current lettable space is 6,676m², with 2,610m² occupied by three tenants and 23 parking bays. An additional 4,000m² of open space can be developed for parking or other uses. Rezoning allows for an extra 10,208m² of development.

Investment Opportunity: This property presents an excellent investment opportunity in a rapidly growing area with high potential for returns. Renderings highlight the property’s potential for astute investors and developers.

Terms: Excludes VAT. All reasonable offers will be considered.

Contact me today to arrange a viewing.

Listing number: P24-114805519, Image number: 1

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Property Overview

Listing Number

114805519

Type of Property

Commercial Property

Street Address

95 Main Rd, Audas Estate, Cape Town, 7130, South Africa, Somerset West Central

Listing Date

16 August 2024

Availability Date

16 August 2024

Erf Size

6 676 m²

Floor Size

6676 m²

Zoning

General Business

Floor Number

0

External Features

Garage

Na

Building

Building Name

95 Main Road

Building Grading

B Grade

Multi Tenanted

Yes

Standalone Building

Yes

Number of floors

4

Points of Interest

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