Property description

Discover an exceptional investment opportunity in the heart of Cape Town’s bustling CBD. This historic retail building, steeped in character and charm, is now available for sale as a going concern—offering a unique chance for savvy investors.

Key Features:

• Location: Situated in a prime position within Cape Town CBD, this property benefits from high foot traffic and excellent visibility, making it ideal for retail operations.
• Size: The building encompasses 443 square meters under roof, providing ample space for a variety of commercial business ventures.
• Lease Details: Sold on a 99-year lease, this property comes with a reliable tenant already in place, ensuring a hassle-free investment. The tenant is committed for the next five years, generating a substantial rental income of R108,500 per month.
• Additional Income: The tenant covers monthly levies, water, and electricity costs, providing you with a net rental income while maintaining low overheads.
• Rental Escalation: Enjoy the benefit of an annual rental escalation of 8.5%, ensuring your investment appreciates in value over time.
• Zero Rated: This property is sold as zero-rated for VAT, enhancing its attractiveness to potential buyers.

This is more than just a property; it’s a prime investment in one of South Africa’s most vibrant urban centers. Don’t miss this opportunity to own a piece of Cape Town’s rich history while securing a lucrative income stream for years to come.

Contact us today for more information or to arrange a viewing!