Prime Position - Lower Main Road, Observatory

POA

Web Ref No CL134

Prime Position - Lower Main Road, Observatory

This fully tenanted commercial and residential redevelopment opportunity offers a wide range of potentials.

Situated on Observatory's vibrant lower Main Road the building has high visibility and is in a busy traffic zone.

Currently unsectionalised and situated within the City of Cape Town's Urban Development Zone (UDZ) tax incentive scheme the potential of the building is exceptional.

63 Lower Main Road, is situated near UCT, Groote Schuur Hospital, is centrally located on all major public transport routes, and is in an area where student housing is in high demand.

Presently the building is divided into four retail positions with high foot traffic, and four spacious apartments with balconies overlooking Lower Main Road. Workshops and storage surround a large yard at the back of the building which could easily be converted to parking or be expanded to add revenue.

Sold Mandate

Bidding Closes 24 October 2018 @ 2pm

Features

Title Freehold
Zoning Commercial
Purchase Rates R7,463.00pm Excl. VAT
Floor Size 1,065m²
Land Size 1,065m²

Broker Contact Details

Brandon Platt
Head Office

Cell (+27)82 808 9944
Office (+27) 21 433 2900
Daniel Bernberg
Head Office

Cell (+27)82 782 9840
Office (+27) 21 433 2900

Message the Agent

1 of 1