NEW
Web Ref COM1034
R30,000,000
6 Pentz
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Monthly Levy
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Monthly Rates
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Special Levy
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Landmark Mixed-Use Building For Sale in Bo-Kaap
This is an excellent and a very rare opportunity to acquire an Investment Property in a very prominent location in the sought-after Bo-Kaap neighbourhood in Cape Town's City Centre.
The Bo-Kaap is considered a heritage site as the area contains the largest concentration of pre-1850 architecture in South Africa and is the oldest surviving neighbourhood in Cape Town according to the South African Heritage Agency.
The property in question requires little to no introduction to the savvy astute investor as it has been an integral piece of the Bo-Kaap fabric for the past 50 years and is highly visible on the prominent corner of Wale and Pentz Streets.
The property is on 3 Erven under one title deed.
It is home to the landmark BIESMIELLAH RESTAURANT and adjoining SUPERETTE both of which are known to and frequented by locals and tourists alike and have been trading for the past 50 years according to the owners who are now looking to retire.
This investment property enjoys three revenue streams ; the restaurant, the superette and the three apartments on the first floor.
There is the possibility to increase the GLA further by building onto the first floor and thereby adding to the income stream.
This sale is on a turn-key basis meaning a buyer can walk in and commence trading instantly and the sale includes all fixtures and fittings in the restaurant.
Financials and proof of income will be disclosed subject to an NDA being signed and proof of funds may be required from interested parties.
The property and the businesses are registered VAT entities and the asking price is subject to VAT, no transfer duty is payable.
Viewings will not be allowed during peak trading hours for obvious reasons and the preference is for viewings between 8.30am and 10.30 am prior to the lunch hour.
The restaurant is not open for breakfast.
Contact us now to arrange a viewing by appointment.
Stealth Properties is registered with the PPRA
The Bo-Kaap is considered a heritage site as the area contains the largest concentration of pre-1850 architecture in South Africa and is the oldest surviving neighbourhood in Cape Town according to the South African Heritage Agency.
The property in question requires little to no introduction to the savvy astute investor as it has been an integral piece of the Bo-Kaap fabric for the past 50 years and is highly visible on the prominent corner of Wale and Pentz Streets.
The property is on 3 Erven under one title deed.
It is home to the landmark BIESMIELLAH RESTAURANT and adjoining SUPERETTE both of which are known to and frequented by locals and tourists alike and have been trading for the past 50 years according to the owners who are now looking to retire.
This investment property enjoys three revenue streams ; the restaurant, the superette and the three apartments on the first floor.
There is the possibility to increase the GLA further by building onto the first floor and thereby adding to the income stream.
This sale is on a turn-key basis meaning a buyer can walk in and commence trading instantly and the sale includes all fixtures and fittings in the restaurant.
Financials and proof of income will be disclosed subject to an NDA being signed and proof of funds may be required from interested parties.
The property and the businesses are registered VAT entities and the asking price is subject to VAT, no transfer duty is payable.
Viewings will not be allowed during peak trading hours for obvious reasons and the preference is for viewings between 8.30am and 10.30 am prior to the lunch hour.
The restaurant is not open for breakfast.
Contact us now to arrange a viewing by appointment.
Stealth Properties is registered with the PPRA
Features
Zoning
Mixed Use
Title
Freehold
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
No
Sizes
Floor Size
815m²
Land Size
815m²
