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Development opportunity | Fully tenanted | Observatory
R 50,000,000
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11 months ago116 views
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General Details
Location:
Description
Fully tenanted development opportunity in Observatory, the home of student accommodation. This building has a prominent location on Observatory main road, and is bounded by two side streets creating two corner shops. The site has high exposure, and long shop frontage onto Observatory Main Road. Observatory main road has high passing foot traffic, making it ideal for retail.
Observatory's proximity to UCT and UCT medical school has made it home to a large amount of student accommodation, this site is no exception, and with permissible bulk of 9412 m2 it is a perfect opportunity for student accommodation. The zoning is General Business 5 which has versatile usages which would include, apartments, student accommodation, hospital, or hotel. Observatory is an up and coming area which has seen significant investment over the past couple of years, with most of the investment in apartment blocks and student accommodation.
Property Reference #: CL3086
Agent Details:
Neil Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Observatory's proximity to UCT and UCT medical school has made it home to a large amount of student accommodation, this site is no exception, and with permissible bulk of 9412 m2 it is a perfect opportunity for student accommodation. The zoning is General Business 5 which has versatile usages which would include, apartments, student accommodation, hospital, or hotel. Observatory is an up and coming area which has seen significant investment over the past couple of years, with most of the investment in apartment blocks and student accommodation.
Property Reference #: CL3086
Agent Details:
Neil Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Id Subtitle 1211860657
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Estimated monthly repaymentR 541,854
Total property loan amountR 50,000,000
Total interestR 80,044,848
Total repaymentR 130,044,848
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Port Commercial Properties Pty Ltd
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