Commercial For Sale in Retreat, Cape Town

ref# 486
Asking Price : R 2 200 000 (141 025 EUR*)

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Province:Western Cape City:Cape Town Suburb:Retreat Erf Size: ± 253 m2 Floor Size: ± 120m2 Rates:R 13867 p/m

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Roaring Retreat

A charming single story high visibility building, located on Main Road Lakeside/Retreat. A perfect location for furniture or motor industry. The seller leases the adjacent vacant land from the CCT, the original building plus an attached building and a prefabricated building. The property is zoned SR1, but has been used for business for a number of decades.

  • Great parking and visibility
  • Main structure Approx 66m², rear of 30m²
  • Leased ends September 2018 - tenant woulld like to stay
  • Projected Yield is 9%
  • Lease incorporates Sale and Rebuild Clause
  • Suits Owner Occupier or investor