212 m² Commercial space in Cape Town City Centre

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Tramway House Heritage Investment and Redevelopment Opportunity For Sale in Cape Town City Centre Nestled in the heart of Cape Towns historic CBD, Tramway House is a striking heritage building that exudes character, charm, and a rich legacy. Situated at 56 Waterkant Street along the vibrant Fanwalk, this distinguished property offers a rare opportunity to acquire a landmark asset in one of the city''s most sought-after precincts.The property is zoned General Business 7 GB7 and currently comprises:Ground Floor Retail Space: 106m2 Rental income earning of R35 000Upper-Level Residential Apartment: 106m2, featuring two bedrooms and two bathrooms Rental income earning of R32 000Beyond its existing income-generating accommodation, Tramway House presents exceptional redevelopment potential. The property benefits from a generous bulk allowance permitting development up to 60 metres in height, allowing for approximately 12 storeys, making it an attractive prospect for investors and developers seeking to unlock substantial value in a prime urban location.With its prominent position, heritage appeal, mixed-use flexibility, and significant development rights, Tramway House offers a unique blend of immediate utility and future upside in the thriving Cape Town CBD.Asking Price: R17,000,000 Exclusive of VATContact Sharon Marais, our Commercial Property Broker, for more information, viewing arrangements and professional assistance with placing your business in the perfect space.

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