Commercial property for sale in Cape Town City Centre
. Tramway House, Cape Town City Centre, Cape Town
212 m² floor · 212 m² erf
Description
Nestled in the heart of Cape Town’s historic CBD, Tramway House is a striking heritage building that exudes character, charm, and a rich legacy. Situated at 56 Waterkant Street along the vibrant Fanwalk, this distinguished property offers a rare opportunity to acquire a landmark asset in one of the city's most sought-after precincts. The property is zoned General Business 7 (GB7) and currently comprises: Ground Floor Retail Space: ±106m2 (Rental income earning of R35 000) Upper-Level Residential Apartment: ±106m2, featuring two bedrooms and two bathrooms (Rental income earning of R32 000) Beyond its existing income-generating accommodation, Tramway House presents exceptional redevelopment potential. The property benefits from a generous bulk allowance permitting development up to 60 metres in height, allowing for approximately 12 storeys, making it an attractive... Nestled in the heart of Cape Town’s historic CBD, Tramway House is a striking heritage building that exudes character, charm, and a rich legacy. Situated at 56 Waterkant Street along the vibrant Fanwalk, this distinguished property offers a rare opportunity to acquire a landmark asset in one of the city's most sought-after precincts. The property is zoned General Business 7 (GB7) and currently comprises: Ground Floor Retail Space: ±106m2 (Rental income earning of R35 000) Upper-Level Residential Apartment: ±106m2, featuring two bedrooms and two bathrooms (Rental income earning of R32 000) Beyond its existing income-generating accommodation, Tramway House presents exceptional redevelopment potential. The property benefits from a generous bulk allowance permitting development up to 60 metres in height, allowing for approximately 12 storeys, making it an attractive prospect for investors and developers seeking to unlock substantial value in a prime urban location. With its prominent position, heritage appeal, mixed-use flexibility, and significant development rights, Tramway House offers a unique blend of immediate utility and future upside in the thriving Cape Town CBD. Asking Price: R17,000,000 (Exclusive of VAT) Contact Sharon Marais, our Commercial Property Broker, for more information, viewing arrangements and professional assistance with placing your business in the perfect space. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-1509378965","type":"c"}));
What we know about this property
Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.
Resilience
- Backup Power Level
- Nonefrom the listing text
Location
- Shops and cafés within 500 m
- 134from open data
- Exposed to coastal wind
- Yesfrom open data
- Estimated commute to CBD
- 2 minfrom open data
- Crime trend
- Worseningfrom open data
- Distance to the sea
- 960 mfrom open data
- Nearest highway
- 655 mfrom open data
- Nearest hospital or clinic
- 901 mfrom open data
- Nearest primary school
- 409 mfrom open data
- Nearest school
- 409 mfrom open data
- Nearest high school
- 1.1 kmfrom open data
- Nearest station or stop
- 65 mfrom open data
- Independent schools within 5 km
- 16from open data
- Load-shedding block
- 7from open data
- SAPS precinct risk
- Highfrom open data
- Schools within 3 km
- 38from open data
- Under the flight path
- Nofrom open data
- Walkability
- Very Walkablefrom open data
Market
- Days on market
- 1250 daysfrom our price history
- Price change since listed
- 0.0%from our price history
- Price per m²
- R 80 189from our price history
- Times relisted
- 0from our price history
- Vs suburb median
- 0.77×from our price history
- Under Offer
- Nofrom our price history
Outdoor
- Garage Type
- Nonefrom the listing text
- Garden Size
- Nonefrom the listing text
- Pool Type
- Nonefrom the listing text
Tenure Rules
- Special Levy Mentioned
- Yesfrom the listing text · 95%
- Tenure
- Sectional Titlefrom the listing text · 93%
Commercial
- Price Reduced
- Nofrom our price history
Not mentioned in the listing (58)
Air Conditioning, Alarm Beams, Armed Response, Auction, Balcony, Bank Assisted, Battery Backup, Boat Caravan Parking, Boomed Area, Borehole, Borehole Irrigation, Braai Area, Burglar Bars, CCTV, Covered Patio, Double Glazing, Electric Fence, Established Trees, Exclusive Use Area, Fibre, Fireplace, Flatlet, Furnished, Gas Hob, Generator, Grey Water, Guard 24h, Heat Pump, High Ceilings, Home Office, Inverter, Lift Access, Needs Tlc, No transfer duty, North Facing, Off Plan, Open Plan, Original Features, Owner Relocating, Penthouse, Pet Friendly, Priced To Sell, Quiet Street, Retirement Scheme, Scullery, Security Estate, Short Let Allowed, Single Level, Solar Geyser, Solar panels, Staff Accommodation, Thatched Roof, Underfloor Heating, Utilities Included, Walk In Closet, Water Tank, Wheelchair Access, Wind Protected. Ask the agent if any of these matter to you.
1 unverified claim is hidden: the listing text doesn’t support it.
Portal facts
- Levies
- R 1
- Erf Size
- 212 m²
- Floor Size
- 212 m²
- Listing Date
- 24 April 2023
- Special Levy
- R 1
- Building Name
- Tramway House
- Listing Number
- 112584328
- Street Address
- . Tramway House, 56 Waterkant Street, Cape Town City Centre
- Rates and Taxes
- R 1
- Type of Property
- Commercial Property