579 m² Commercial space in Observatory

Located on bustling Lower Main Road in Observatory, Cape Town, this 579 m commercial property is a prime opportunity for investors and entrepreneurs.

Featuring a versatile layout, the property is currently home to the well-known Armchair Theatre however the property could accommodate various uses, such as restaurants, bars, nightclub, or any retailer looking to break in to the local market. With a large kitchen,, a courtyard, and drive-in access, the space is equipped for easy operation. It is zoned General Business 1, offering redevelopment potential for student housing or other ventures. The property can be sold with the existing tenant as a going concern or it can be vacant on transfer.

The ideal location in the vibrant Observatory node, known for its lively atmosphere and excellent public transport links, enhances its appeal. Whether as an income-generating asset or a redevelopment project, this property offers exceptional potential for growth in a highly sought-after area.

Contact me for more info (Plans, rates, rental, etc) or to arrange a viewing