SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS
Tour here

R5,950,000

Monthly Levy
R4,518 Excl. VAT
Monthly Rates
R1,576 Excl. VAT

Excellent Retail Investment Opportunity in Muizenberg

The Muizenberg Precinct has undergone an impressive upliftment in the last number of years with the development of the promenade and popular amenities such as surf shops, restaurants, coffee shops and of course the most popular surfing location in Cape Town.

This sectional title block is perfectly positioned on the entrance to this promenade. There is currently a student-housing development being built across the road and there are also plans for a neighbouring building to be completely redeveloped, which will only serve to further uplift the community and increase the value of the properties in the area.


There are two ground floor retail units adjacent to each other which are for sale either separately or together.

Unit 1:

Ground floor: 156sqm
Mezzanine: 94sqm
Price: R5,950,000 excl VAT
Rates: R1,576
Levies: R4,518
Parking: R259

Alpha Pharmacy, a strong tenant, has just signed a 5 year lease for this unit and taking their rental into account as well as operating costs of the unit, it would yield an investor 8.5% per annum

Unit 2:

Ground floor: 74sqm
Mezzanine: 36sqm
Price: R2,495,000
Rates: R861
Levies: R2,130
Parking: R259

A fully liquor-licenced restaurant is currently occupying this space on a three year lease. There is a 3 month escape clause which would allow an investor to find a new tenant for a longer lease term or the current lease can be negotiated to firm up the security of income. This unit would also yield an investor 8.5% per annum on the purchase price, taking all income and expenses into account.

What's the next step? Just reply to this listing with your contact details to request a call back. You may also call the broker specialist for the area directly, Simon Solomon from Safcom Properties. You will be provided with a prompt response and professional service to assist you in making informed decisions in your property search.

Features

0
0
Title:
Sectional
Building Name:
The Balmoral
Zoning:
Retail
Interior
Air Conditioning
Yes
Exterior
Security
No
Sizes
Floor Size
250m²
Extras
Parking: R259

Muizenberg, Southern Suburbs

The Southern Suburbs region on our search map includes the following areas: Claremont, Rondebosch, Newlands, Kenilworth,  Mowbray, Pinelands, Maitland, Ndabeni, Wynberg, Plumstead, Constantia, Muizenburg, Westlake, Diep River,  Heathfield, Ottery, Retreat, Wetton, Tokai. The Southern Suburbs, home of the Prime Minister's official residence, is found to the South East of the...
More Info

In the news

There's always more to know and things to learn
They say you can never know it all. But you can always strive to learn and be closer to knowing as much as you can. This is the attitude our principal and mentor, Fabio Gallotta, constantly teaches the Safcom family....
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Retails for sale in Muizenberg, Southern Suburbs.

Disclaimer: While every effort will be made to ensure that the information contained within the Safcom Properties website is accurate and up to date, Safcom Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.