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R7,500,000

Retail for sale in Cape Town City Centre

120m²
120m²
Retail For Sale In Cape Town City Centre

COMMERCIAL RETAIL & LIVING/OFFICE SPACE

This double storey building is located in the heart of a busy pocket of the Cape Town City Centre.

Located next to the infamous Truth Coffee Roasting and surrounded by apartments and commercial stores, this property is strategically positioned for someone looking to invest.

The space would allow for separate tenant incomes across the two floors if required. The ground floor space, that opens directly to the street, is half of the floor space @ 60sqm with the first floor offering the same space totalling 120sqm.

Advertising space on the side of the building also generates a fair monthly income due to visibility.

Current tenant lease, which the tenant is happy to extend and will be ceded to new owner, is running until December 2027. Good long standing, reliable tenant.

Property Type
Retail
Stand Size
120m²
Building Size
120m²
Rates & Taxes
R1,950
Reference
ENT0284712
Property history
Listed for sale at R8,350,000
27 Aug 2024
Price reduced by 10.2% to R7,500,000
20 Sep 2024
Get to know Cape Town
Cape Town is home to one of the most cosmopolitan communities in the world and certainly lives up to its title as the Mother City. From its beginnings as the port for the Dutch fleets, Cape Town has evolved into one of the most modern cities in South Africa and the African continent.
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