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Fully Tenanted Landmark Building For Sale Observatory
R 13,500,000
Can I afford this?
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2 years ago230 views
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General Details
Location:
Description
This landmark building is a solid investment opportunity with three tenants on long leases.
Situated slap bang in the busiest section of Lower Main Road, this ticks all the boxes to own a trophy property. Combined GLA of 923sqm
Close to all amenities, on major transport routes this is one not to be missed.
Sellers will offer a two year guarantee on rental income.
The property is a VAT registered entity.
Property Reference #: CL2410
Agent Details:
Daniel Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Situated slap bang in the busiest section of Lower Main Road, this ticks all the boxes to own a trophy property. Combined GLA of 923sqm
Close to all amenities, on major transport routes this is one not to be missed.
Sellers will offer a two year guarantee on rental income.
The property is a VAT registered entity.
Property Reference #: CL2410
Agent Details:
Daniel Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Id Subtitle 987516010
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Estimated monthly repaymentR 146,301
Total property loan amountR 13,500,000
Total interestR 21,612,109
Total repaymentR 35,112,109
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Port Commercial Properties Pty Ltd
Selling for 5+ years
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This unique property is ideally located in the energetic node of Observatory and offers two neighbouring properties well suited for a wide range of businesses or upliftment ideas. These can be sold separately if required. The property has a stunning facade onto Lower Main main Road and offers two neighbouring ERFs namely: 319 and 321 Lower Main. The two properties have separate entrances but are interlinked internally. By far the biggest value add is the ample parking on offer. There is space for around 6 vehicles on the curbside and another +- 5 vehicle at the back. The zoning of General Business 1 also allows for flexibility thus allowing a live and work environment or even a multi-tenant environment catering for the demands of the market. Both properties are have ample water and waste points along with ample toilets. There is 3 phase power available and a 1st floor hoist gantry for large items. Both also have prepaid electricity and offer +- 185 sqm of rentable space each side over two floors. With a quick clean up and paint this property could be ideally suited for your business or your next property venture. Contact me to discuss all possibilities or find out more regarding rates, plan, etc.Property Reference #: 6272105Agent Details:Kurt DreyerQuay1 International Realty153 Kloof StreetGardensCape Town
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1
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RE/MAX Living operates in terms of a franchise agreement with RE/MAX of Southern Africa.Welcome to this unique property located on Lower Main Road, offering a versatile space perfect for a range of business opportunities. Accessible via a metal pedestrian-sized entrance gate, the property features a garden area of approximately 25sqm, providing a welcoming first impression. Upon entry, a concrete staircase leads to a small patio and the front door, opening into a solid wooden floor passage that runs throughout the property.With a 3 Phase electrical Pay as you go meter boasting an output capacity of approximately 35Amps, this property is well-equipped for various business needs. The layout includes a room suitable for an open plan reception area with an office, featuring large windows overlooking the patio and garden. A spacious bedroom with a fireplace and exposed brick wall adds character to the space, complemented by a long narrow courtyard accessible through double French type wooden doors.Ideal for professional services, the property offers potential for executive offices such as law, accounting, or architectural firms. The versatile layout could also be transformed into a day spa or physiotherapy/medical centre, catering to a range of business possibilities. Additional rooms, including a living room and kitchen with fitted cupboards and a plumbed sink, provide further flexibility for office suites or treatment rooms.Security features such as metal burglar bars on all windows and security gates ensure peace of mind. The property also includes a toilet area with a single toilet and shower, completing the functional layout.Dont miss this opportunity to make this adaptable space your own and bring your business vision to life in this prime location.Rates And Taxes: 880Property Reference #: 2246228Agent Details:Chivonne BiljonRE/MAX LIVINGHead Office:76-82 Kloof Street, Gardens, 8001 Sea Point7599RE/MAX Living operates in terms of a franchise agreement with RE/MAX of Southern Africa.
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