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R 8 000 000

Commercial Property for Sale in Cape Town City Centre

Cape Town City Centre, Cape Town
  • Floor Size 167 m²
Retail investment opportunity with national tenant
This ground floor investment opportunity is situated in a newly sectionalised scheme with world class loft apartments upstairs (1 - 2 apartments per floor). The body corporate is yet to be formalised and we have therefore estimated the levies. Net annual income is R700 320 which reflects just under 9% yield. The subject ground floor is strategically occupied by African Bank, who have been in occupation for the property for years. They are perfectly positioned for their ideal target market, being within 2 minutes walking distance of the Cape Town Station and Golden Acre shopping centre. This is a neat tidy and clean investment opportunity with a good return.
Type of Property
Commercial Property
Listing Date
15 November 2019
Erf Size
167 m²
Floor Size
167 m²
Zoning
Mixed Use
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