Web Ref SC1824
Premium Mixed-Use Investment: Observatory
Prime Investment: Fully tenanted, mixed-use property generating R5.5 million in annual gross income. Immediate Cash Flow: Stable income of R459,135 per month, offering immediate returns.
Property Details:
* 2,414 sqm prime land with GB1 zoning in Observatory, Cape Town.
*44 residential units and 10 commercial tenancies for diversified income.
*30 on-site parking bays (including 2 disabled bays).
Residential Mix:
*40 brand-new, fully furnished studio apartments with modern finishes.
*4 original character units (1 spacious apartment + 3 compact ex-domestic quarters) for diverse tenant appeal.
Future Growth Potential: Approved plans for an additional 30 apartments, providing significant development and revenue opportunities. Turnkey Asset: Well-maintained and located in a high-demand area, offering a rare, cash-flowing investment.
To arrange a viewing or discuss your business requirements, please contact Rob. He will be able to assist you with various suitable options.
Property Details:
* 2,414 sqm prime land with GB1 zoning in Observatory, Cape Town.
*44 residential units and 10 commercial tenancies for diversified income.
*30 on-site parking bays (including 2 disabled bays).
Residential Mix:
*40 brand-new, fully furnished studio apartments with modern finishes.
*4 original character units (1 spacious apartment + 3 compact ex-domestic quarters) for diverse tenant appeal.
Future Growth Potential: Approved plans for an additional 30 apartments, providing significant development and revenue opportunities. Turnkey Asset: Well-maintained and located in a high-demand area, offering a rare, cash-flowing investment.
To arrange a viewing or discuss your business requirements, please contact Rob. He will be able to assist you with various suitable options.
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
2,988m²
STREET MAP
STREET VIEW
Observatory in the news
Cape Town's commercial property sector booms as market bullish
Despite numerous challenges and disruptions, Cape Town's commercial real estate market has burgeoned during the past 18 months