R3,000,000

R3,000,000

235m² Retail For Sale in Observatory
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Lower Main Road Observatory | Live - Work | Restaurant.

Web Ref. CL3535
Land size 136.00 m²
Floor size 235.00 m²
Monthly Bond Repayment
R26,883.03
This property has prominent frontage on popular Lower Main Road in Observatory. It is a great property for a restaurant with an existing gas cage and easy route for extraction, Lower Main Road Observatory is popular with restaurateurs. Live and work is also easy with the apartment on top and retail or office on the bottom. The property consists of corner retail premises on the ground floor and a 2-bedroom apartment on the 1st floor with separate access from Lower Main Road. The property is currently fully tenanted with the grocery store lease in operation until end March 2026, and the first-floor apartment until end March 2025. The retail space is situated on a corner enhancing its appeal for tenants. Lower main road in Observatory sees a high rate of foot and vehicular traffic especially at peak times.

The ground floor retail space has frontage onto Lower Main Road Observatory and features a roller shutter door that opens onto a courtyard which could also be a parking garage, a restroom, a gas cage in the courtyard, and an office. On the 1st floor there is a charming 2-bedroom apartment with an entrance from Lower Main Road, the apartment features original wooden flooring and high ceilings. As you enter on the ground floor the wooden staircase leads onto a 1st floor landing with a small balcony overlooking Lower Main Road, there is a large kitchen area directly behind this, leading onto two bedrooms with a shared toilet, one of the bedrooms leads onto a deck area with a great view of Table Mountain.

Features

Zoning
Retail
Sizes
Land Size 136 m²
Floor Size 235 m²
Listing Info
Date Listed 04-07-24
Time Listed 06:58

Observatory, Cape Town

Google map for 235m² Retail For Sale in Observatory

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