HIGH VISIBLITY | STANDALONE BUILDING | OBSERVATORY

Retail and restaurant space situated on Lower Main Road, Observatory, currently occupied by the Armchair Theatre. This a rare standalone building that has prominent frontage onto Lower Main Road in the heart of Observatories nightlife and social scene. This property would be well suited to an owner who wanted to establish a restaurant bar or nightclub. The property has drive in access from Lower Main Road into the existing courtyard. The property can be bought with the tenant in place as an investment or sold vacant whichever is more suitable. This is a VAT applicable sale in other words VAT will be added to the purchase price. If the Tenant stay the sale can be zero rated for VAT, i.e. no VAT payable which would be subject to the approval of SARS.

The property is zoned as general business 1, giving the new owner a variety of options including potential for redevelopment or conversion to student housing. The property has a theater space, functional kitchen, bar, and toilets adding versatility, and making it a great choice for establishing a presence in this busy neighbourhood. Contact us for the full investment pack.