299 m² Retail Space in Observatory

COMMERCIAL PROPERTY FOR SALE / 127 LOWER MAIN ROAD / OBSERVATORY

Asking Price:R6, 500,000 Double-storey commercial property with attached flatlet and outdoor area.

After 39 years of success, we''re excited to offer this well-established commercial retail property (restaurant )for sale in one of Cape Town''s most sought-after locations called Observatory.

Location, Location, Location!

Nestled on lower main road in Observatory, this restaurant enjoys exceptional visibility and high foot traffic, attracting both locals and tourists alike. Positioned in a sought-after neighborhood, this restaurant enjoys a prime spot in one of Cape Towns most vibrant and affluent areas, offering a unique opportunity for continued growth

Asking Price:R6, 500,000

Location, Location, Location!

Key Highlights:

1- 39 Years of Ownership: A well-recognized commercial property with loyal local and tourist clientele.

2- Prime Visibility: High exposure on the only road to two of Cape Town''s biggest attractions, ensuring continuous foot traffic.

3- Can be renovated for business purposes or hospitality industry.

Accolades & Recognitions.

1- High Google Ratings: Consistently rated 4.5 stars or higher on major review platforms, with glowing customer feedback for both food and ambiance.

2- Featured in Leading Publications: Frequently highlighted in leading food and lifestyle magazines and blogs.

This is a rare opportunity to acquire a turn-key business in an unbeatable location with an outstanding reputation.

Unique restaurant that has traded very successfully for 39 years with loads more potential for a chef, a foodie couple or a restaurateur. If not, the retail premise can be remodeled into a commercial property with a separate flatlet attached.

The restaurant is well located and set in a beautiful environment with indoor and outdoor seating options. An outdoor smoking area makes it a good option for private functions as well.

Two fully equipped kitchens provide for a multifaceted food offering. The restaurant is fully licensed and has well trained staff.

RETAIL / GENERAL BUSINESS 1

Property Information

Real Estate:

Location:

Located in the primary target market, close to secondary and tertiary markets

Premises Details:

Relaxed environment accommodated approx 160 patrons inside and out.

Fully equipped.

Business Operation

Competition / Market:

A few eateries in close by suburbs

Reasons for selling:

partner retiring

Trading hours:

Lunch and Dinner

Years established:

39

Other Information

Support & training:

a month hand over by owner

Furniture / Fixtures value:

R850,000

Inventory / Stock value:

R60,000