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Modern Commercial Property For Sale On Popular Lower Main Road, Observatory | Quay 1 Property
R 3,200,000
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General Details
Location:
Description
Sole Mandate
This impressive looking property has recently been renovated and offers a rentable area of 193 sqm with an Erf size of 129 sqm and zoned GB1.
The property is ideally located towards the middle of the popular Lower Main Road in Observatory. This location has seen drastic improvement over the last couple of years with students and creative business types calling this area home. The area has a relaxed feel about it with a number of eateries, cafes, pubs, thrift stores, coffee makers, theatres, and grocery stores making this part of Cape Town truly unique and sought after.
Lower Main Road (as its name dictates) runs parallel to Main Road Observatory but separates itself with a different energy. This Lower Main Road escapes the rush hours of traffic and noise, Whilst benefiting from the close proximity regarding public transport and easy access to arterial roads such as the N1, N2 & M3. The area itself is poised to see huge growth and further upliftment with the Amazon Headquarters being completed less than one kilometre. Great prospects lie ahead.
The property itself is split into 3 main sections. On entry there is a small creative space of 34 sqm (currently tenanted), a larger back studio of 48 sqm (currently tenanted), and lastly a 1st floor studio of 60 sqm. Other spaces include 2 toilets, a passage and a sunny courtyard space of 14 sqm. Ample street parking and public transport with taxi service/busses less than 200 meters away and the train station within a 5min walk.
The property is ideal for any company looking for their own private space with quaint studio spaces and slight retail presence if required.
Rates: R2550 pm
Contact me to discuss or view this great property. Plans and further info on request.
Property Reference #: 5608898
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
This impressive looking property has recently been renovated and offers a rentable area of 193 sqm with an Erf size of 129 sqm and zoned GB1.
The property is ideally located towards the middle of the popular Lower Main Road in Observatory. This location has seen drastic improvement over the last couple of years with students and creative business types calling this area home. The area has a relaxed feel about it with a number of eateries, cafes, pubs, thrift stores, coffee makers, theatres, and grocery stores making this part of Cape Town truly unique and sought after.
Lower Main Road (as its name dictates) runs parallel to Main Road Observatory but separates itself with a different energy. This Lower Main Road escapes the rush hours of traffic and noise, Whilst benefiting from the close proximity regarding public transport and easy access to arterial roads such as the N1, N2 & M3. The area itself is poised to see huge growth and further upliftment with the Amazon Headquarters being completed less than one kilometre. Great prospects lie ahead.
The property itself is split into 3 main sections. On entry there is a small creative space of 34 sqm (currently tenanted), a larger back studio of 48 sqm (currently tenanted), and lastly a 1st floor studio of 60 sqm. Other spaces include 2 toilets, a passage and a sunny courtyard space of 14 sqm. Ample street parking and public transport with taxi service/busses less than 200 meters away and the train station within a 5min walk.
The property is ideal for any company looking for their own private space with quaint studio spaces and slight retail presence if required.
Rates: R2550 pm
Contact me to discuss or view this great property. Plans and further info on request.
Property Reference #: 5608898
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1265583238
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Estimated monthly repaymentR 34,679
Total property loan amountR 3,200,000
Total interestR 5,122,871
Total repaymentR 8,322,871
Interest rate at 11.75% for 20 years *
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Quay1 International Realty
Selling for 2+ years
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