R17,000,000 | 100m² Building For Sale in Cape Town City Centre

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.