R 20 000 000 | Commercial Property for Sale in Cape Town City Centre

Cape Town, Cape Town City Centre

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Commercial, investment & development opportunity

**investment opportunity - attention investors!**

This fully occupied building features two retail stores on the ground floor, housing well-established tenants with favorable annual escalations. The second floor is leased on a month-to-month basis to a diverse mix of businesses, including a ladies' salon, men's barber, jewelry repair service, and laundromat.

With a net rental income of R1,570,000.00 per annum, detailed expense reports are available upon request.

Located at 30 St Georges Mall, this property enjoys a prime position in the city center, offering excellent access to transport links.

Currently, the building spans two stories but has the potential for expansion up to 20 floors, covering 450m2 of floor space. The second floor boasts high ceilings, with the option to add a mezzanine level.

Surrounded by a variety of restaurants and retail shops, this area benefits from high foot traffic and visibility, making it highly sought after.

Contact us today to schedule a viewing!