CBD Mixed Use Commercial Building

SALE-000516 | For Sale

CBD Mixed Use Commercial Building

45- 49 St Georges Mall, Cape Town Cbd, Cape Town, Western Cape

CBD Mixed Use Commercial Building. 45- 49 St Georges Mall, Cape Town CBD

Extent: ± 548m² | GLA: ± 1947.98m² | Brilliantly positioned along St Georges Mall in Cape Town CBD | Mixed use building | Retail & commercial | Gross Annual Income R2.5m | Potential redevelopment opportunity


The multi-storey building is situated on the corner of St Georges Mall and Castle Street, in the Cape Town Central Business District.

The eight-storey character building is multi-let and comprises of ground floor retail with a college and offices above. The current gross annual income is R2.5m.

The ground floor comprises four retail units, an entrance hall and foyer, as well as ablutions and two lifts which service all floors including the basement.

The retail units include: -
-Fantastic Superette: The unit fronts onto St Georges Mall and comprises of a shop front with storage to the rear and offers a basement storeroom and ablutions.

-Richfield: The corner unit is occupied by the college, offering a shop front and a spiral staircase with access to the first floor.

-Royal Salon: The unit fronts onto Castle Street and comprises of a hair salon.

-Newlook Cosmetics: The largest of the units fronting onto Castle Street and comprises of a shop front with two toilets, two wash hand basins and a sink to the rear.

The first to seventh floors are accessed via the entrance hall and foyer off St Georges Mall. Richfield currently occupies the first, fourth, fifth, sixth and seventh floors. The second floor is let to Ndzondo Direct Marketing and the third floor is let to SACCAWU.

Alternating female and male ablutions are situated between each floor, accessed from the stairwell. Some rooms are air-conditioned with either split units or ducted air-conditioning.

The first floor comprises of a reception, an accounts office, private office suites, a safe, a computer laboratory, library, kitchenette, a large lecture room and staff toilets. The floor is newly renovated and was recently re-painted and re-tiled.

The second floor comprises of a reception, a boardroom, private office suites and three training rooms of varied extents, as well as a kitchen and male and female toilets.

The third floor comprises of a reception and printing area, private office suites, a boardroom and two training rooms.
The fourth floor comprises of a computer laboratory and three classrooms of varied extents.

The fifth floor comprises of a combination of private office suites and three classrooms of varied extents.

The sixth floor comprises of private office suites, a small and large classroom, as well as two computer laboratories.
The seventh floor is a recreational area for students, with access to a large balcony offering views of the City Centre.

The floor also offers a private office suite, kitchenette, a toilet, wash hand basin and shower, and a storeroom.

The basement, which is accessed from the lift or stairwell, comprises of a large storage area.

Commercial Type:
Commercial Building
Web Reference:
SALE-000516
List price:
POA
Address:
45- 49 St Georges Mall, Cape Town Cbd, Cape Town, Western Cape
Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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