Prime investment opportunity to establish premium office space, apartments or hotel in Cape Town CBD

Introducing a prime investment opportunity to establish premium office space or potentially transform into luxury apartments within Cape Town's prestigious Foreshore Place. Spanning the 4th floor and 18th to 23rd floors,. Currently configured in a grey box setup, this opportunity provides an affordable entry point for businesses or developers into a well-established building, promising significant growth potential. Each floor comes with approximately two parking bays, . Additionally, two basement storage areas are included in the asking price, sized at 677m2 and 579m2 respectively. Strategically positioned at the corner of Riebeek Street, between Adderley and Long, Foreshore Place boasts a prestigious address amidst a dynamic mix of office, residential, and retail spaces. Its proximity to key transportation hubs, including the MyCiTi Adderley Station, ensures seamless accessibility for tenants or residents. The vibrant retail area within the complex, featuring renowned tenants such as Vida e Café, Mugg and Bean, and Levi's, further enhances the overall experience. This versatile space offers the potential for transformation into luxury serviced apartments or a boutique hotel space, capitalizing on Cape Town's thriving residential market. With its central location, proximity to amenities, and stunning views of the city and surrounding landscapes, the property could attract discerning residents seeking urban sophistication and convenience. Investors can explore this exciting opportunity to diversify their portfolio and tap into the growing demand for high-end residential properties in Cape Town's CBD. Whether as premium office space, luxury apartments, or a combination of both, this property presents a compelling investment opportunity poised for long-term success in Cape Town's dynamic real estate market. Contact Rob at Sotheby's today.