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R 12 000 000

Commercial Property for Sale in Observatory

96 Station Road, Observatory, Cape Town

Floor Size 1341 m² Erf Size 1 341 m²
Income-Generating Retail and Restaurant Property with Large Garden
[SOLE MANDATE] Double storey entertainment venue for sale.

The property includes a double storey Victorian and a single storey events space with triple volume ceilings and a large outdoor area.

The space is highly flexible with opportunity to unlock future residential income as a Mixed Use 2 property.

Some more highlights:

- Views of Cape Town from the top floor
- Retail units have a kitchenette and toilets
- Event space has a large industrial kitchen
- The property is delivering a 9%+ yield from long-term tenants
- Walking distance from the new Amazon offices/Riverlands precinct

And a few points of note:
- The buildings are in fair to good condition
- Property can be zero rated (SARS-dependent)
- Well suited for an investor who wants to unlock future residential Read more...
Listing Number
115764865
Type of Property
Commercial Property
Street Address
96 Station Road, Observatory
List Date
24 March 2025
Erf Size
1 341 m²
Floor Area
1 341 m²
Levies
R 1
Special Levy
R 1
Rates and Taxes
R 1
Bathroom
10

Education

Rosmeade College
0.42km
Observatory Junior
0.46km
Salt River Sec
0.60km
Dryden Street Prim
0.83km
Thandokhulu Sec
0.87km
Cecil Road Primary
0.94km
Cape Peninsula University Of Technology Mo…
0.95km
Wesley Met. Practising School
1.20km

Food and Entertainment

Mojo
0.00km
Pancho's
0.07km
Scrumpy Jack
0.08km
Diva
0.10km
Touch of Madness
0.12km
Mimi's
0.12km
Crush
0.40km
Vida e Cafe
0.41km
The River Club
0.77km
The Wild Fig
1.17km

Health

UCT Private Academic Hospital
0.64km
Webb & Savoy
1.34km

Shopping

ABSA
0.44km

Transport and Public Services

Village Green Parking
0.16km
Observatory
0.29km
Settlers Way
0.60km
Salt River Fire Station
0.70km
Mowbray
1.05km
Mowbray Bus Station
1.26km
Salt River
1.26km
Community Motors
1.29km
St. Peter's
1.32km
Video Tour

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Rupert Von Tutschek

Contact Agent

By continuing I understand and agree with Property24's Terms & Conditions and Privacy Policy.
Rupert Von Tutschek

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