INVESTOR'S DREAM - KRONENDAL HOMESTEAD (CIRCA 1800) FOR SALE - EXCELLENT YIELD

Once in a lifetime a Heritage Circa 1800 Kronendal Homestead, previously housing one of Cape Town's top Thai restaurants Kitima, is on the market. It's an investor's dream! Not only is it a provincial monument but it's also a fully tenanted building with a terrific yield of about 10% and no Transfer Duty. Its historic design includes gorgeous gables after the traditional style of Cape Dutch architecture as it was founded way back in the 1670s with the building being erected around 1713. Famously the Homestead is known as Hout Bay's very first farm. When you enter the reception area a table is set for the ghosts that were previously lovers who were separated during their lifetimes, but still reside in the Manor House.

The Homestead boasts a dream list of popular tenants like the popular restaurant, coffee shop and bakery Deus Ex Machina, a delightful branch of Sealand Gear including a Cutting & Sewing Department, In Benzin Veritas (an international clothing/retail store), Five Hair & Barber, Core Physio & Wellness, Crossfit. Additionally there's plenty of onsite parking for clients and tenants alike.

Property Reference #: SC43

Agent Details:
Helen Maroulis
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945