Property features

R10 500 000

Property Details

This secure double-storey building which boasts fabulous views of Cape Town is on the market for sale. Building is zoned as GB1 – It is now used for commercial use/offices – building can be converted into residential apartments. In a secure and quiet area in High Cape in Vredehoek the building is rented out to various offices. Street parking area in front of the building is a plus for commercial tenants. 500sqm of office space covers the double-story building – plus a beautiful private patio area and a large balcony with great views over the city, mountains and Cape Town Port. Rental income per year amounts to R864 000.00 plus VAT. ( R72 000.00 per month plus VAT) GROUND FLOOR COMPRISES: 250sqm. Entrance. Reception area. Boardroom plus 5 offices and 2 storerooms. Ground floor is fully rented out with 4 leases in place. 2 Restrooms. 1 Shower bathroom. 1 Kitchen. Access to lovely private patio area. FIRST FLOOR COMPRISES: 250sqm Up the flight of stairs – no lift in the building. Reception area. Various offices and storerooms with 2 leases in place. 46sqm available rental space on this floor. 2 Restrooms. 1 Kitchen. Access to the large balcony with views. This is once in a lift time opportunity to own a building of such a caliber in High Cape. As this is the only commercial building/convertible to residential units in this lovely and sort after area.