Property features

R3 500 000
Levies R1 pm
Rates R2068 pm

Property Details

A rare find in the heart of vibrant Observatory. This dual-purpose property offers the best of both worlds—a retail space on the ground floor and a spacious apartment above. Perfect for an investor, entrepreneur, or owner-occupier looking to work and live under one roof! Property Features: Ground Floor: Open-plan retail shop that leads into a small courtyard that has a roller shutter door that opens onto Bishop Street. First Floor: A two-bedroom apartment featuring an open-plan living room and kitchen, plus a bathroom—ideal for rental income or personal use. Why This Location: Prime Lower Main Road position with high visibility and foot traffic. Transport links: Easy access to MyCiTi bus routes, train stations, and major roads. Trendy cafés, bars & restaurants just a stroll away. Surrounded by boutique stores, creative spaces, and convenience shops. Close to UCT and Groote Schuur Hospital, ensuring demand for rentals. Retail Shop: Current rental: R13,375.00/month Current lease termination date: 31 March 2026 Apartment: Current rental: R12,000.00/month Current lease termination date: 31 March 2025 Sale Exclusions: Rates: R2067.53 CID Levy: R425.51 Water & Electricity: Paid by tenants. A fantastic investment in a buzzing, creative suburb! Don’t miss out, enquire today for a viewing.