Welcome to a prime property just off Raats Drive in Tableview, offering an exceptional investment opportunity for discerning buyers.
Situated in a sought-after location, this double-living freestanding building boasts an (SR1) zoning, presenting a myriad of possibilities for savvy investors.
At the heart of this property is a 60 square meter office space, complete with a courtyard out back and parking for 10 vehicles right in front, making it ideal for businesses requiring a prominent presence and ample parking facilities, which is off the street - in front of the office. Possibility for a Medical Practitioner, Physio, Pilates or many more 'in-demand' micro business facilities. Currently, quality tenants occupy the office space and both apartments providing immediate rental income for potential buyers. Furthermore, air conditioning ensures a comfortable environment.
In addition to the office space, the property features two spacious apartments, each comprising three bedrooms and two bathrooms. With separate off-road access, these apartments offer privacy and convenience to residents. Moreover, the property includes five internal covered parking spaces, ensuring ample parking for both tenants and guests.
Security is paramount, with the following: Alarm system is activated for the Armed Response. Perimeter Beams in strategic positions on both ground floor 3-bed apartments. All doors and windows have security features attached.
With existing tenants in place and a current return of approximately 40K, this property represents a lucrative investment opportunity in a high-demand area. Don't miss the chance to acquire a versatile investment.
The zoning permits various additional uses, on application of consent - including residential, a place of worship, a guest house, or a place of instruction. Furthermore, potential buyers can explore additional plan applications for uses such as a creche or a bed and breakfast, subject to approval from the municipality. Given its strategic location and versatile zoning, this property is poised to generate substantial income for its new owner.
Surrounded by other businesses and guest houses, the property benefits from a bustling commercial environment, with the Table Bay Mall currently undergoing extensive renovations. Additionally, the area's growth is further bolstered by the presence of a nearby business with a cafeteria coffee shop, indicating promising prospects for future development and value appreciation.
Let's talk soon for a walkthrough and discussion in Table View's thriving real estate market.