Exceptional Investment Opportunity in Observatory, Cape Town
Price: R3,300,000 + VAT
Unlock the potential of this remarkable double-volume corner property, ideally situated in the bustling heart of Observatory, Cape Town. This commercial property presents an exciting opportunity for astute investors seeking flexibility and strong returns. Nestled within the dynamic Observatory area, the property boasts close proximity to popular venues, a thriving urban atmosphere, and excellent transport links.
Prime Location for Maximum Visibility
Maximize your business’s visibility and exposure with this prominent corner property, perfect for a variety of business ventures. Its strategic location ensures significant foot traffic and easy access, making it an ideal choice for entrepreneurs and investors alike.
Versatile Commercial and Residential Spaces
The property seamlessly integrates commercial and residential spaces, offering a diverse range of investment opportunities.
Ground Floor: Ideal for Restaurant or Retail Use
The ground floor, currently operating as a café, is ready to host your next venture. It includes a roller shutter door for easy access, a small yard for convenience, bathroom facilities, and a well-equipped kitchen with generous storage. This space provides an excellent foundation for your culinary aspirations or retail ambitions. The current rental income is R13,375 per month, with the lease ending on 31 March 2026.
First Floor: Modern 2-Bedroom Apartment
Upstairs, the first floor features a modern 2-bedroom apartment complete with 1 bathroom, an office nook, and an open-plan kitchen and lounge area. Designed for contemporary living, this apartment also includes a balcony with scenic views, perfect for relaxation and enjoying the outdoors. The current rental income is R12,000 per month, with the lease concluding on 31 March 2025.
Endless Possibilities for Development
Whether you’re looking to develop a bustling restaurant, coffee shop, chic office space, or a creative live-work environment, this property provides endless possibilities. Seize the opportunity to own a prime piece of Observatory’s vibrant community and capitalize on its potential.
