Web Ref No CL3216

114 Bree is a mixed use block for sale in Cape Town City Centre on the corner of Bree and Church Street. Ideal for corporate headquarters with great visibility onto popular Bree Street. Bree Street has become increasingly popular with office users and shop owners in the City Centre. Partially due to its location on the popular 1st Thursday route. This is an opportunity to put your brand into an iconic location. In total the property is 1845 m2 under roof which includes two retail spaces and an office component on the 1st to 5th floor. The two retail spaces are currently being occupied by Iron Steak and Bar Restaurant on Bree Street, and the other a coffee shop and nightclub adjacent to the office and co reception on the ground floor. Office and Co occupy the 1st to the 5th ( 1200 m2 ) under a head lease. The offices space cater to creative businesses with a hip modern contemporary fitout. Owner occupier can take advantage of the circa 450 m2 vacancy in the office component.
The property receives a net yield of circa 10% , and has additional bulk potential to add another 4 floors. Positioned within the reliable Christiaan Barnard Hospital grid, it ensures a consistent power supply. This property's strategic location makes it an ideal choice for those aiming to establish a presence in Cape Town's CBD. It offers convenient access to public transportation, essential infrastructure, and an array of nearby restaurants, shops, and cultural attractions.