1,069m² Retail For Sale in Observatory
R13,950,000
96 station road
Web Ref No 6748441
Investment property for sale in a great node of Observatory
This stunning property is ideally located in the busy retail and student node of Observatory and has a retail frontage onto both Station Road and Lower Main Road.
The building has lovely architectural features with great curb appeal. It is currently fully tenanted with 3 tenants and thus the property presents as an investment property where the purchase can be zero rated. The anchor tenant is the much loved Trenchtown bar and restaurant which has been a staple hangout in the area for many years.
The property has a "vacant land " component which is currently the open outside area for Trenchtown. This open area along with the zoning of General Business 1 allows for some development potential of a total bulk of 1610 sqm. Thus there is +- 700 sqm of GLA to be added within the zoning restrictions.
Contact to me to discuss or view this exciting opportunity. Rates, rentals, yields can be supplied upon enquiry.
The building has lovely architectural features with great curb appeal. It is currently fully tenanted with 3 tenants and thus the property presents as an investment property where the purchase can be zero rated. The anchor tenant is the much loved Trenchtown bar and restaurant which has been a staple hangout in the area for many years.
The property has a "vacant land " component which is currently the open outside area for Trenchtown. This open area along with the zoning of General Business 1 allows for some development potential of a total bulk of 1610 sqm. Thus there is +- 700 sqm of GLA to be added within the zoning restrictions.
Contact to me to discuss or view this exciting opportunity. Rates, rentals, yields can be supplied upon enquiry.
Features
Zoning Commercial
Floor Size 1,069m²
Land Size 1,073m²
Floor Size 1,069m²
Land Size 1,073m²
Broker Contact Details
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