R18,900,000

Commercial for sale in Kommetjie

This investment opportunity comprises of two adjacent erfs with:

  • Erf 1: A Tenanted, Double story, Corner, Retail and Residential Mixed-Use Property @ R 18,900 000.00 plus VAT.

  • Erf 2: GB1 Zoned, 607 m2, Vacant Plot @ R 4,250 000,00 plus VAT (*This will only be sold once the building has been sold or as a package deal.)

You can earn a Gross Cap Rate @ 11% on the Retail building.

The 1511 m2, mixed-use corner property and vacant lot comprise of:

1. 8 first floor flats (one vacancy)

2. 7 ground floor retail shops (fully let)

3. 4 single garages (two vacancies)

4. 2 storerooms (fully let)

5. 1 Staff quarter

5. Ample on street, paved parking

6. Vacant Plot is north facing with sea views

The Tenants:

A good and dependable tenant mixed that includes

  • Doctors Consulting Rooms
  • A Supermarket
  • A Surf-shop
  • The famous Lighthouse Pub and Grill

Developments in the area:

  • The municipality has upgraded the road and add a circle at the corner to ease traffic flow.
  • A multi-million rand complex that includes a SPAR retail store is under construction opposite the vacant plot.

  • The new master plan development at Imhoff farm, is a mere 2km away from Swan Lodge and is set to inject R1.56bn into Cape Town's Kommetjie.

Don’t miss out on this opportunity to be a part of the face lift of this popular seaside destination.

Property Type
Commercial
Stand Size
1,511m²
Address
20 Huskisson Way
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commercial listed on 14 Oct 2020