NO TRANSFER DUTY
EXCLUSIVE MANDATE
Web Ref CL212
R24,000,000
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Monthly Rates
R20,000
R20,000
Commercial Property in the heart of the city
First time on the market in thirty-three years! A rare opportunity to acquire a landmark, mixed use commercial building on Cape Town's iconic Long Street. Approximately 1500m2 of floorspace split over four levels with three existing tenants. Lower ground floor has recently been 'white-boxed', ground floor retail, and twelve studios and four one bedrooms over the first and second floors. Bar, lounge, braai area, staff office, two balconies overlooking Long Street. Servitude at rear giving access to parking for three vehicles. Option to add bulk, subject to planning permission. Zoned GB7 and MU3 for the two erven that comprise this property. An outstanding opportunity to buy and retain existing tenants (subject to due diligence), or redevelop into a different configuration. Don't miss out! Call Richard today. Viewings by appointment seven days a week. Asking price R24m exclusive of VAT.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Parking Bays
Covered Parkings
3
Sizes
Floor Size
598m²
Land Size
598m²
