720m² Building For Sale in Observatory

Highly Visible Building For Sale in Observatory

Seize the opportunity to own a spacious and strategically positioned building in the heart of Observatory, offering high visibility and endless potential for growth.

This well-designed property currently hosts a strong tenant on the ground floor, with the majority of their lease remaining, ensuring immediate rental income. The site also offers significant development potential, with the ability to add additional floors above the existing levels, allowing for future expansion.

A separate entrance with wide staircases leads to the second floor, featuring an open-plan layout that floods with natural light from windows on two sides. Towards the back of the second floor, you'll find a dedicated space for a kitchen, bathrooms, and several additional offices with a durable concrete structure. A stairwell provides access to the roof as well as an alleyway at the rear of the building.

The first floor is ideal for a CMT-type tenant, featuring a goods hoist on the front face of the building, facilitating easy loading and unloading. On-site parking bays add convenience for tenants and visitors alike. There is a large built-in safe on the second floor.

This building presents a fantastic opportunity for student accommodation development, capitalizing on its proximity to key amenities such as Saint Peter's Square, Groote Schuur Hospital, and the Cape Town Science Centre.

Located between major arterial routes including the M3, N2, and M5, access to this site is a breeze, making it an attractive investment in one of Observatory's most desirable areas.

Don’t miss out on this exceptional opportunity—contact us today to arrange a viewing and explore the potential of this remarkable property.