A wonderful investment opportunity for the single owner or private consortium wishing to take advantage of the increased opportunities offered by the substantial upgrading of this picturesque and sought after lifestyle destination. Strategically positioned on the popular Cape Point tourist route on Cape Town's Southern Peninsular the complex has a proven track record as a consistent yield generator.
The holding offers:
6 Fully tenanted commercial spaces with over 100 years of successful trading.
8 Residential apartments allowing for expansion to offices or holiday accommodation due to its mixed use zoning GB1.
A wide road frontage gives maximum business exposure as well as provide ample safe customer parking. There is also additional lockup parking, garages and store rooms easy accessible from the side street.
The seller also offers the optional purchase of an extra 607m2 of GB1 zoned development land.
Its setting in a relaxed old world charm that offers a wholesome outdoor lifestyle creates the rare opportunity to start a new chapter in the life cycle of this iconic commercial landmark.
Currently hosting a diversified mix of tenants providing area essential services such as a vet, a doctor, as well as a convenience store, pub, a surf shop and realtor, which provide a solid yield base.
The abutting 607m2 land is north facing and elevated with its expansive views of the distant Chapman's Peak and Hout Bay basin, allowing for a mixed use developed that can remain separate or be incorporated in to the main complex.
An excellent investment on the South Point of Africa.