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R16,500,000

800m² Warehouse For Sale in Observatory
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800m² Warehouse For Sale in Observatory

Web Ref. CL9254
Land size 455.00 m²
Floor size 800.00 m²
Monthly Bond Repayment
R157,133.36
This prime commercial property is located on the highly visible and bustling Observatory Main Road. Currently, the property is partially tenanted, featuring a fitment centre on the ground floor, with the 1st floor available for immediate occupancy. Zoned Mixed Use 2, the property offers a versatile range of uses including residential accommodation, offices, retail, and hotel, with the potential for conversion into a student residence.

Key Features:

Zoning: Mixed Use 2 (permits various uses including residential, offices, retail, hotel, and more)
Current Tenancy: Fitment centre on the ground floor; 1st floor vacant
Expansion Potential: Ability to add more floors and develop into student accommodation
Signage & Branding: High visibility with excellent signage opportunities on a busy main road
Power: Equipped with 3-phase power
Parking: 5 council parking bays directly in front of the unit
Monthly Rates R4,015

Features

Zoning
Industrial
Interior
2 Kitchens
3 Bathrooms
Sizes
Land Size 455 m²
Floor Size 800 m²
Listing Info
Date Listed 29-07-24
Time Listed 12:22