Property
Description
Property Description
The property is a mixed-use building of approximately 383 m², positioned on Long Street in the heart of Cape Town’s City Centre. The ground floor comprises three retail shops, situated side by side, with excellent street frontage, constant pedestrian traffic throughout the day and outstanding visibility, making them suitable for a wide variety of retail, food and beverage or service tenants. The famous Red City Sightseeing tourist bus stops nearby, bringing a steady flow of local and international visitors past the shopfronts. Accessed via a lift, the upper levels comprise five self-contained apartments, each offering strong rental potential, whether let to long-term residential tenants or used for other accommodation options (subject to the necessary approvals). Three secure parking bays, a highly desirable feature in the CBD, complete the offering. With commercial and residential income on a single property, the building suits investors seeking multiple income streams, portfolio buyers and those looking to unlock the property’s full earning potential.
Positioned on one of Cape Town’s most iconic and vibrant streets, this exceptional mixed-use property presents an outstanding opportunity for investors seeking multiple income streams in a high-demand location.
The ground floor features three retail shops, situated side by side, offering excellent street frontage and exposure along bustling Long Street. These commercial spaces benefit from constant pedestrian traffic throughout the day and enjoy exceptional visibility, making them ideal for a variety of retail or business tenants. Adding to the property’s appeal, the famous Cape Town Red City Sightseeing tourist bus stops nearby, attracting a steady flow of local and international visitors to the area.
Accessed via a lift, the upper levels comprise five self-contained apartments, each offering excellent rental opportunities. Whether utilised for long-term residential tenants or other accommodation options (subject to the necessary approvals), the apartments provide significant income-generating potential in one of Cape Town’s most sought-after city locations.
Adding further value, the property includes three secure parking bays—a highly desirable feature in Cape Town’s CBD.
Properties of this nature on Long Street are seldom available. With its combination of commercial and residential space, exceptional exposure, constant foot traffic, proximity to a major tourist bus stop, and outstanding investment potential, this is a rare opportunity for investors looking to expand their portfolio or unlock the property’s full earning potential.
Features
Floor Size (GLA): 383 m²
Zoning: Mixed Use
Total Number of Units: 3
Parking: 3 secure parking bays
Prime location on Long Street
Mixed-use investment opportunity
Three ground-floor retail shops with excellent street exposure
High pedestrian foot traffic and outstanding visibility
Red City Sightseeing tourist bus stop nearby, driving additional visitor exposure
Lift access to the residential section
Five self-contained apartments with strong rental potential
Additional facilities: lift access to residential floors, five self-contained apartments, three secure parking bays
Multiple income streams from commercial and residential tenants
Tenant mix: Retail 1 (139.5 m²) owner-occupied, vacating; Retail 2 T-shirt shop; Retail 3 hair salon; five apartments let
Lease terms: current R99 588/mo (R1 195 056 p.a.) as let; R170 838/mo (R2 050 056 p.a.) fully let; Retail 1 at R500/m² and Bay 1. Gross yield at R37M: 3.23% current, 5.54% fully let. Rent roll supplied by owner
Area Description
The property is in the Cape Town City Centre (the CBD), on Long Street, one of the city’s most iconic and vibrant commercial streets, known for its retail, restaurants, bars, galleries and heritage buildings. The location benefits from constant pedestrian and tourist foot traffic, including the Red City Sightseeing bus route, and sits within walking distance of St George’s Cathedral, the Company’s Garden, Greenmarket Square and the main banking and business district. Its central position offers strong exposure for ground-floor retail and high demand for the upper-floor apartments, with excellent access to shops, restaurants, banks, schools, medical facilities and public transport.
Area Amenities
Mandela Rhodes Place – 270 m
Nedbank (St Georges Mall) – 330 m
St George’s Cathedral – 360 m
Lite-Kem Pharmacy (Litekem, Darling Street) – 410 m
Standard Bank (Thibault Square, Long Street) – 470 m