Commercial space in Cape Town City Centre
Cape Town City Centre, Cape Town City Bowl, Western Cape
Listed by
Andrew Jantjies
MDW Inc.
Details
64 Long Street, Cape Town PRIME MIXED-USE INVESTMENT OPPORTUNITY6 FLATS 3 COMMERCIAL SHOPS | 64 LONG STREET, CAPE TOWN CITY CENTREA rare and exciting opportunity to acquire a mixed-use property comprising 3 commercial shops and 6 residential flats, strategically positioned at Long Street in the heart of Cape Town City Centre.This multi-level property offers investors the advantage of combining commercial and residential income streams from one centrally located asset.PROPERTY LAYOUTGround Floor3 commercial shopsExcellent exposure to the busy Long Street environmentSuitable for retail, food, professional services, lifestyle businesses or other permitted commercial usesFirst Floor3 residential flatsIdeal for long-term residential rental or other permitted accommodation useSecond Floor3 residential flatsAdditional residential income-generating potentialTOTAL ACCOMMODATION3 Commercial Shops 6 Residential Flats 9 income-generating unitsThis configuration creates an attractive proposition for an investor looking to diversify rental income between commercial and residential tenants.PRIME CITY CENTRE POSITIONLong Street is one of Cape Town''s best-known urban streets, surrounded by restaurants, cafs, retail outlets, offices, residential developments, entertainment venues and major city attractions.The property''s central location provides convenient access to the wider Cape Town CBD, Companys Garden, public transport, businesses, tourism attractions and the surrounding City Bowl.There is also established residential investment activity at Long Street, with apartments in Senator Park at the address currently being marketed as investment properties.INVESTMENT APPEALThe property''s greatest strength is its multiple-income-stream model.An investor can potentially benefit from:3 separate commercial rental streams6 separate residential rental streamsReduced reliance on a single tenantStrong central-CBD positioningPotential for capital appreciation over the long termDiversification between residential and commercial propertyOpportunity to improve or reposition individual units, subject to approvalsIDEAL FORThis property would appeal to:Property investors | Commercial investors | Residential landlords | Developers | Hospitality operators | Family investment groups | Property fundsWith its combination of commercial and residential components, this property presents an opportunity to acquire a substantial income-producing asset in one of Cape Town''s most established urban locations.A PROPERTY WITH BOTH INCOME AND LOCATION9 units. Two property sectors. One strategic CBD location.For an investor seeking a property with the potential to generate multiple rental incomes while maintaining exposure to Cape Town''s central property market, this property deserves serious consideration.Long Street, Cape Town City Centre an opportunity to invest in location, diversification and income.Viewings strictly by appointment.
Location
Map showing the location of Commercial space in Cape Town City Centre