OBSERVATORY - MANDITH COURT FOR SALE ON AUCTION

ON AUCTION 22 NOVEMBER - STRATEGIC STUDENT ACCOMMODATION OPPORTUNITY WITH UPSIDE POTENTIAL

Ideally positioned on Cape Town's Main Road, these 2 mixed-use properties present an outstanding student accommodation re-development play.

Boasting expansive street frontage, and situated directly opposite Groote Schuur Audiology Department and UCT’s new pathology centre, these income generating buildings have the capacity for additional bulk providing huge upside potential. A combination of retail and residential, they lend themselves to student accommodation or trendy studio apartments which echo the essence of the City's vibrancy.

Their ideal location in a highly sought-after locale and the fact that properties of these nature very seldom come to market promise unmatched potential.

They share great proximity to the new Amazon HQ, Cape Town International Airport, V&A Waterfront and easy access to both the R102 and N2.

This is a one-of-a-kind opportunity not to be missed for all investors.

• Building 1: Ground floor retail plus a large 5 bedroom apartment which could be sub-divided into smaller units and leased
• Building 2: 18 flats + shop
• Excellent location in a bustling Cape Town zone
• Expansive street frontage
• Prime re-development opportunity
• Huge upside potential
• Zoned for “General Residential 2” and “General Business 5”
• GAI: ± R2 375 481
• Combined GLA: ± 2 003 m²
• Combined erf extent: ± 1 815m²