189m² Restaurant For Sale in Observatory
R3,500,000
16 Lower Main
Web Ref
CL4
Prime Retail Investment with Secure Long-Term Tenant
This 189m² corner retail property is prominently positioned in Observatory, at a high-visibility intersection with strong foot and vehicular traffic flow.
The asset is tenanted by an established business with a proven trading history and a long-term lease in place, offering stable and predictable rental income. This is a straightforward, hassle-free investment purchase ideal for investors seeking yield and long-term security with an array of options down the line. The location is ideal as it falls on the main thoroughfare for students, locals, and customers heading in and out of Observatory. This is the main entry point into the precinct with large developments such as Riverlands and Amazon in close proximity.
Key Features:
189m² retail premises with wrap around balcony
Long-term lease in place with reliable tenant
High-exposure position with strong foot traffic
Located near key development and growth nodes
Secure, yield-based investment sale
Contact me today to discuss, view or to request plans, rates figures or yield calculations
The asset is tenanted by an established business with a proven trading history and a long-term lease in place, offering stable and predictable rental income. This is a straightforward, hassle-free investment purchase ideal for investors seeking yield and long-term security with an array of options down the line. The location is ideal as it falls on the main thoroughfare for students, locals, and customers heading in and out of Observatory. This is the main entry point into the precinct with large developments such as Riverlands and Amazon in close proximity.
Key Features:
189m² retail premises with wrap around balcony
Long-term lease in place with reliable tenant
High-exposure position with strong foot traffic
Located near key development and growth nodes
Secure, yield-based investment sale
Contact me today to discuss, view or to request plans, rates figures or yield calculations
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
189m²
Observatory, Cape Town
Observatory is one of Cape Town’s most character-filled suburbs, celebrated for its Victorian charm, bohemian spirit and creative energy. With its colourful heritage homes, tree-lined streets and an eclectic mix of cafés, restaurants and quirky boutiques, it has long been a favourite among those drawn to a vibrant and alternative lifestyle.Popular with young professionals, students and creatives, Observatory is...
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