Observatory is going through change. Lower Main Road now has a multitude of businesses, small coffees shops, retail, offices and approved developments. The seller of this property had plans approved to build a four story development, offering ground floor retail, offices and apartments.
Currently the property consists of two retail outlets on Lower Main Road, which bring in a rental income of R16 000,00 p.month. In addition to this there is a open parking area with secure access from the side street. Zoning GB1. Plans on request (expired)
Across the road, plans to develop a new apartment block have also been approved