443 m² Commercial space in Cape Town City Centre

Discover an exceptional investment opportunity in the heart of Cape Towns bustling CBD. This historic retail building, steeped in character and charm, is now available for sale as a going concernoffering 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 its a prime investment in one of South Africas most vibrant urban centers. Dont miss this opportunity to own a piece of Cape Towns rich history while securing a lucrative income stream for years to come.

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

INFOGLOBE CAPE TOWN PTY LTD trading as REMAX Infoglobe Paarl operates in terms of a franchise agreement with REMAX of Southern Africa.