299 m² Retail For Sale in Observatory

Accepting Offers.

DESCRIPTION:
An opportunity to purchase a part of history. Located in the best node, amongst the hip bars and restaurants. This building has a lot to offer. Currently the home of Pancho’s, one of Cape Town’s renowned and best Mexican restaurants. Established over 40 years ago, Pancho’s has been a landmark in Observatory and known amongst locals and internationally.

The building is currently run as a fully equipped 250-seater restaurant.

Ground floor includes:
• Road exposure and window seating
• Bar/cocktail area
• Multiple seating areas
• Ablution facilities for male and female guests
• Full commercial kitchen

Second floor includes:
• Multiple seating area
• Large enclosed balcony overlooking the popular Lower Main Road
• Ablution facilities
• Smaller kitchen which comes with a vintage dumbwaiter
• A roof top deck bar and cocktail lounge area with beautiful view of the mountain, great for those summer evenings.

Second Floor Unique Feature:
• Residential accommodation which includes a large bedroom with built-in cupboard. Full modern bathroom with corner bath tub, twin shower and his & hers basins.

PLEASE NOTE: The purchase price is only for the property and not equipment, fixtures and furniture.
This can be purchased at an extra cost. An opportunity exists to purchase this well-established turnkey and fully equipped business. NDA will need to be completed should further information be required.

DETAILS:
• Erf no: 27008
• Erf size: 299m²

DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.