R 7 500 000 | building property for sale in city centre

Heritage building dating back to the late 1800's, located in the heart of the inner city in an emerging node near Greenmarket Square. The three storey building consists of retail premises on ground floor and two floors of offices with could also be converted into residential units. The interiors consist of characterful features throughout, high ceilings and wooden floors. The roof has recently been replaced. The building lends itself to a number of uses and is ideal for owner occupation, residential conversion or investment with upside potential on existing rentals. One existing lease in place until 31 December 2019 for two shops of 128 square meters for R25,908 per month plus VAT, escalating by 8% p.a. Erf Size: 213 sqm Gross Lettable Area: - 420 sqm Zoning: General Business 7 Purchase Price: R7 500 000 plus VAT