This Victorian retail and restaurant property, featuring a double-storey Victorian building and a spacious single-storey events space, offers a versatile and income-generating opportunity. With triple-volume ceilings and a large outdoor area, the property is adaptable for various uses, including potential future residential development. Currently, it yields over 9% from long-term tenants, making it an attractive investment for those seeking high returns.

Located in a prime area with stunning views of Cape Town and proximity to major developments like the new Amazon offices, the property’s retail units come equipped with kitchenettes and toilets, while the event space boasts a large industrial kitchen. The buildings are in fair to good condition and ready for immediate use, with the potential for zero-rated tax benefits. This property is an exceptional opportunity for investors looking to secure a high-yield, multi-functional space in Cape Town. Read more...