Mixed Use Opportunity 100 Metres from the Beach, Fish Hoek

ZAR 14,950,000

Description

Fish Hoek has fast earned a reputation as the Southern Peninsula’s new frontier, with both commercial and residential property values showing strong upward momentum in recent years. For investors looking to secure well located, income generating assets ahead of the curve, opportunities of this calibre are increasingly rare. This sectional title mixed use building is strategically positioned towards the end of Fish Hoek’s main road, close to the iconic traffic circle linking Simonstown and Kommetjie. The location benefits from constant exposure, high footfall and seamless connectivity, while remaining less than 100 metres from the beach. The commercial component comprises three street facing retail units, all currently tenanted, offering immediate income. The retail spaces measure approximately 271 square metres, 59 square metres and 59 square metres respectively, creating a balanced tenant mix with flexibility for future repositioning. The residential component consists of four spacious two bedroom flats, each measuring approximately 113 square metres. All units enjoy sea views from the kitchen and offer generous internal proportions. Each flat benefits from a dedicated off street parking bay, securely positioned behind an automated security gate, an important consideration for both tenant retention and long term value. An additional 6 square metre storage area further enhances the functionality of the building. With its close proximity to the beach and the continued evolution of Fish Hoek as a lifestyle and investment node, a savvy investor could consider upgrading the residential sections to improve rental returns or unlock value through sectional resale, subject to individual investment strategy. A rare opportunity to acquire a fully tenanted, mixed-use asset in one of False Bay’s most compelling growth precincts. Contact us for further information or to arrange a private viewing.
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Engel & Völkers Southern Peninsula

Your advisor: Kevin De Kock and Alan Glass

Property ID: ENV206714

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