Sole Mandate

Mixed Use for sale in Cape Town City Centre

R16,000,000
  1. 401m²
  2. Web Ref: 1127047
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Property Features

ERF Size 401 m²
Rates R10,354 per month
Building Size 750m²

Building For Sale In Long Street

**Exclusive Mandate**

Building For Sale On The Corner Of Long Street And Pepper Street.

Great Location, With High Visibility And Passing Trade. Situated Amongst Various Popular Restaurants And Bars. Great Opportunity For An Owner Operator Or A Potential Development of an Apart-Hotel/Co-Living/Modern Backpackers

Site Breakdown

* Erf Size : 401m2 * GLA : c.750m2
* Zoning : GB7 * Bulk Factor : 12
* Permissible Bulk : c.4812m2

Ground Floor (c.400m2)
* Bar with Liquor License * Restaurant Seating Area
* Fully Equipped Kitchen With Extraction, Gas& Walk-In Fridge
* Male & Female Bathrooms

First Floor (c. 350m2)
* Reception Area
* Various Office/Storeroom Spaces
* Private Street Entrance * Courtyard & Balcony

REJUVENATION PROJECT
This Site Falls Under The Upper Long Inner City Rejuvenation Project, Which Aims To Re-Establish Long Street As Africa’s Cultural And Entertainment Capital. The Focus Area For The Project Is Upper Long Street Between Pepper St And The Long Street Baths. Improvements To Breathe Life Into The Space Include Increasing Safety And Security, Deep Cleaning, Greening, Lighting, Signage, Pedestrianisation And Inner-City Toilets.

*Please Note That The Selling Price Is Vat Exclusive*

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*based on purchase price at Prime over 20 years

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