R6,500,000
299m² Retail For Sale in None Observatory
COMMERCIAL PROPERTY FOR SALE / 127 LOWER MAIN ROAD / OBSERVATORY
Asking Price: R6, 500,000 Double-storey commercial property with attached flatlet and outdoor area.
After 39 years of success, we're excited to offer this well-established commercial retail property (restaurant )for sale in one of Cape Town's most sought-after locations called Observatory.
Location, Location, Location!
Nestled on lower main road in Observatory, this restaurant enjoys exceptional visibility and high foot traffic, attracting both locals and tourists alike. Positioned in a sought-after neighborhood, this restaurant enjoys a prime spot in one of Cape Town’s most vibrant and affluent areas, offering a unique opportunity for continued growth
Asking Price: R6, 500,000
Location, Location, Location!
Key Highlights:
1- 39 Years of Ownership: A well-recognized commercial property with loyal local and tourist clientele.
2- Prime Visibility: High exposure on the only road to two of Cape Town's biggest attractions, ensuring continuous foot traffic.
3- Can be renovated for business purposes or hospitality industry.
Accolades & Recognitions.
1- High Google Ratings: Consistently rated 4.5 stars or higher on major review platforms, with glowing customer feedback for both food and ambiance.
2- Featured in Leading Publications: Frequently highlighted in leading food and lifestyle magazines and blogs.
This is a rare opportunity to acquire a turn-key business in an unbeatable location with an outstanding reputation.
Unique restaurant that has traded very successfully for 39 years with loads more potential for a chef, a foodie couple or a restaurateur. If not, the retail premise can be remodeled into a commercial property with a separate flatlet attached.
The restaurant is well located and set in a beautiful environment with indoor and outdoor seating options. An outdoor smoking area makes it a good option for private functions as well.
Two fully equipped kitchens provide for a multifaceted food offering. The restaurant is fully licensed and has well trained staff.
RETAIL / GENERAL BUSINESS 1
Property Information
Real Estate:
Location:
Located in the primary target market, close to secondary and tertiary markets
Premises Details:
Relaxed environment accommodated approx 160 patrons inside and out.
Fully equipped.
Business Operation
Competition / Market:
A few eateries in close by suburbs
Reasons for selling:
partner retiring
Trading hours:
Lunch and Dinner
Years established:
39
Other Information
Support & training:
a month hand over by owner
Furniture / Fixtures value:
R850,000
Inventory / Stock value:
R60,000
Features
Zoning:
Retail
Interior
Air Conditioning
Yes
Exterior
Security
No
Sizes
Floor Size
299m²
Land Size
299m²
Observatory, Cape Town
Affectionately known to locals as 'Obz', Observatory is a Cape Town suburb that defies expectations. Sure, it's known for being a student hub, thanks to its proximity to the University of Cape Town (UCT). But look closer, and you'll find a colourful suburb bursting with historic charm, youthful energy, and surprising affordability - a potent mix that's attracting savvy property buyers of all stripes.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.