163m² Building For Sale in Observatory

R2,450,000

Web Ref No CL3560

MIXED USE | INVESTMENT OPPURTNITY | HIGH VISIBLITY | OBSERVATORY

This mixed-use property is situated in the vibrant suburb of Observatory. Observatory has traditionally been in high demand with students and young professionals given its proximity to UCT, Cape Town CBD, and Groote Schuur hospital. On Lower main road you will find buzzing night life that is of great appeal to students and young professionals. The numerous quaint and quirky coffee shops and eateries have a similar appeal. Obs as its affectionately known has seen significant growth over the past 24 months, with an influx of students and small businesses enhancing the area's appeal. The introduction of the new Amazon development is set to further elevate the area, making this property a prime candidate for student housing, commercial use or live and work.

The property features a retail area at the front which is currently being used as a bedroom with a shower that has been fitted for the resident. Behind the retail area are another two bedrooms leading onto a large kitchen area with wood fittings and a high ceiling giving it a unique character. At the rear of the property is an open-air courtyard perfect for a recreation area. Its a prime location on a bustling Main Road ensures high visibility, making it perfect for retail, while also being suitable for those seeking a work-from-home environment.