Retail for sale 143 Lower Main Road, Observatory (Trench Town) Observatory

Victorian Retail and Restaurant Property with Large Garden | Income Generating Opportunity

Charming Double-Storey Entertainment Venue for Sale

Exceptional Features and Highlights

Versatile and Spacious Property

• Double-Storey Victorian and Single-Storey Events Space: This property includes a charming Victorian building and a spacious events space with triple volume ceilings and a large attached outdoor area.
• Flexible Space: Highly adaptable for various uses, including potential future residential income as a Mixed Use 2 property.

Income Generation and Yield

• 9%+ Yield: The property delivers a substantial 9%+ yield from long-term tenants, making it a lucrative investment.
• High Yield Potential: Best suited for buyers looking for high-yield investment opportunities with potential for future residential development.

Convenient and Attractive Location

• Views of Cape Town: Enjoy stunning views of Cape Town from the top floor, adding to the property's appeal.
• Proximity to Major Developments: Walking distance from the new Amazon offices and Riverlands precinct, enhancing the property's value and attractiveness.

Functional and Well-Equipped Units

• Retail Units: Each retail unit is equipped with a kitchenette and toilets, ensuring convenience and functionality.
• Event Space: The event space features a large industrial kitchen, perfect for hosting various events and functions.

Additional Information

Property Condition and Potential

• Fair to Good Condition: The buildings are in fair to good condition, ready for immediate use.
• Zero Rated Potential: The property can be zero rated (SARS dependent), offering potential tax advantages.

Secure this unique investment opportunity and unlock the potential of this charming Victorian retail and restaurant property in Cape Town.