Prime Redevelopment Opportunity on Main Road in Tokai/Retreat

Situated directly across the road from the Tokai Food Lovers Market, this quaint property is bursting with potential. With a 990sqm erf size and zoning of single residential 1, there are endless possibilities for a mixed use development. The property has been used for commercial purposes for over 30 years and the council has rated it as such for billing purposes.

The entrance to the property is in Church Road, however it is fully visible from Main Road from passing vehicle and foot traffic as well as the FLM parking lot.

Various residential developments are popping up close by and this will present a good opportunity to take advantage of Cape Town's rapid appreciation in property values.

There is no VAT applicable, so transfer duty will apply.

Contact Simon of Safcom Properties today to schedule your viewing by appointment.

N.B Price is not negotiable