NO TRANSFER DUTY
Web Ref CL3081
R50,000,000
321 Main Road
Prime Development Opportunity in Observatory
Discover this prime property nestled on a prominent corner along Main Road in Observatory, boasting easy accessibility. Positioned along one of Observatory's primary arterials, Main Road serves as a bustling thoroughfare connecting the CBD, Rondebosch, Claremont, and other surrounding areas. The strategic location ensures a constant flow of pedestrian and vehicular traffic.
This site holds particular significance due to its proximity to Groote Schuur Hospital and the various UCT medical school faculty buildings, making it an attractive proposition for diverse development opportunities.
Key Features:
Optimal for student accommodation development
Thriving in a high-growth area
Centrally located for convenience
Existing lease agreement in place until May 2023
Flexible 3-month development clause
Contact Rob today to view.
This site holds particular significance due to its proximity to Groote Schuur Hospital and the various UCT medical school faculty buildings, making it an attractive proposition for diverse development opportunities.
Key Features:
Optimal for student accommodation development
Thriving in a high-growth area
Centrally located for convenience
Existing lease agreement in place until May 2023
Flexible 3-month development clause
Contact Rob today to view.
Features
Zoning
Mixed Use
Exterior
Security
No
Sizes
Floor Size
2,354m²
Land Size
2,354m²
Extras
Development opportunity
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
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