Web Ref CL13799
R12,590,000
None 1 370 Main Road
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Mixed-Use Property With Main Road Exposure & Additional Bulk
Solid Mixed-Use building for sale on Main Road in Observatory. There is permissible bulk for additional floors to be added on. The area is highly accessible and is the home of the South African Astronomical Observatory headquarters, Groote Schuur Hospital as well as new developments like the Peak Studios (student housing) 2U Global Head Office, and My Domain Student Housing, to name a few. The Amazon Headquarters for Africa and Riverlands development is also being developed nearby. There is a national tenant on the ground floor paying R44,000 per month and their lease expires in 2025. This 370A Main Road site is nestled in an area central to all of these new developments, and is a prime development opportunity or owner-occupier opportunity, given the following:
Erf Size: 455sqm
Zoning: Mixed-Use 2
Coverage Allowance: 100%
Floor Factor Allowance: 4
Height Restriction: 25 meters with current zoning
PERMISSIBLE BULK: 1365sqm
NOTE THAT THIS LISTING DOES NOT INCLUDE PHOTOS OR VIDEO CONTENT OF THE GROUND FLOOR
Additional features include a goods hoist to the 1st floor(currently vacant), a strongroom, 3 phase power, 5 parking bays directly outside the unit, a rooftop that can be converted into an entertainment deck with exceptional views, great signage opportunities etc. Please give me a call to discuss this property or arrange a viewing.
Erf Size: 455sqm
Zoning: Mixed-Use 2
Coverage Allowance: 100%
Floor Factor Allowance: 4
Height Restriction: 25 meters with current zoning
PERMISSIBLE BULK: 1365sqm
NOTE THAT THIS LISTING DOES NOT INCLUDE PHOTOS OR VIDEO CONTENT OF THE GROUND FLOOR
Additional features include a goods hoist to the 1st floor(currently vacant), a strongroom, 3 phase power, 5 parking bays directly outside the unit, a rooftop that can be converted into an entertainment deck with exceptional views, great signage opportunities etc. Please give me a call to discuss this property or arrange a viewing.
Features
Zoning
Commercial
Title
Freehold
Floor
1
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
No
Sizes
Floor Size
700m²
Land Size
455m²
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Observatory, Cape Town
Cape Town CBD is located between the Atlantic Ocean and the slopes of Table Mountain, Cape Town is one of South Africas most dynamic and cosmopolitan centres. The CBD forms the core of the City of Cape Towns economy and houses the heart of its municipal and provincial government administration as well as the countrys houses of parliament. As one of South Africas safest and best kept urban environments, the CBD has...
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Observatory in the news
Annenberg Property Group Celebrates Its 50th Year In Commercial And Industrial Property In Cape Town
Established in 1972, 50 years later, in 2022, Annenberg Property Group enjoys 50 years of success in commercial and Industrial Property In Cape town