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Investment Property For Sale in Cape Town CBD

Ref # 2136994
Property Details

The property comprises two retail areas on the ground floor

with one large retail area on the first floor There are some

unplaster walls throughout the building which shows the

historical building materials used.

The first floor is occupied by SOHO and is currently used as

a bar/nightclub The first floor offers a combination of tiled

and laminated flooring with ample lighting and air

conditioning (split units) throughout The space is neat and

well maintained and it is evident that aesthetic upgrades

have recently taken place The fittings and finishes are of a

good quality and overall, the space is in a good condition.

The two retail areas on the ground floor are occupied by

Slug Lettuce and SOHO (which also occupies the first

floor) SOHO signed a long term lease for the one retail area

on the ground floor and did extensive remodeling last year.

The area offers high ceilings, tiled flooring and a ducted air

conditioning system throughout The area also offers a small

kitchen and bathroom with fittings of a good quality.

The purchaser can acquire the Slug and Lettuce operation /

Turn key or purchase as a going concern.

The seller will also cede the process for a large 3 rd party

signage application through WideOpen that could produce

another approx R 50 000 per month for the Purchaser.

Property Features
Property Type
Mixed Use
Floor Size
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Cape Town City Centre, Cape Town view
About Cape Town City Centre
The Central Business District (CBD) of Cape Town includes the City Bowl, foreshore/harbour, the Company's Garden, East City as well as the commercial and retail nodes of De Waterkant and Gardens.
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