Commercial Building for sale in Observatory, Cape Town

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This unique property offers exceptional versatility, with Mixed Use 2 zoning, a substantial layout and the added advantage of being built across two erven.

One of the property's biggest strengths is its ability to accommodate multiple businesses or tenants simultaneously, making it an attractive option for investors, owner-occupiers or buyers looking to create several income-producing spaces within one property.

The front section comprises seven rooms, currently being used as offices, with potential for continued commercial use or possible conversion into student accommodation, subject to the relevant approvals.

The rear section offers two large boardrooms, one upstairs and one downstairs, providing generous spaces that could work well for offices, training rooms, a gym, medical or consulting facilities, or other professional uses.

The building is further supported by three bathrooms with a total of seven toilets, making it particularly well suited to a higher number of occupants, staff members or separate tenants.

Additional storage space adds further practicality for businesses operating from the premises.

With its flexible configuration, the property could potentially house several different companies or tenants at the same time, each making use of different sections of the building.

Key Features:

- Mixed Use 2 zoning

- Built across two erven

- Seven rooms currently used as offices

- Two large boardrooms

- Boardroom space upstairs and downstairs

- Three bathrooms with seven toilets

- Additional storage space

- Potential student accommodation component

- Suitable for offices, medical rooms, gym, training centre or professional use

- Potential to accommodate multiple tenants or businesses

- Multiple potential income streams

- On-street parking

- Motivated sellers

A highly adaptable property with excellent potential for a buyer looking to occupy, invest, subdivide the use of the building, or create multiple rental income streams.