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Observatory | Double volume | 3 balconies | Work / Live
R 2,100,000
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1 year ago291 views
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General Details
Location:
Description
5 Howe Street is a mixed use development situated in a quiet part of Observatory, with 24/7 manned and gated security. The space is charecterized by double volume height with a pitched ceiling. There is great natural light filtering in the through the large picture windows. The property has 3 large balconies accessed via glass doors. This space was previously used as an artists studio, and could also quite easily be work / live. The property is sold with vacant occupation on transfer. VAT applicable sale.
The unit currently consists of a mezzanine open plan office with wooden flooring, a small server room, a private office, a bathroom with shower, storage above the bathroom, and a large open plan area.
Property Reference #: CL2747
Agent Details:
Neil Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
The unit currently consists of a mezzanine open plan office with wooden flooring, a small server room, a private office, a bathroom with shower, storage above the bathroom, and a large open plan area.
Property Reference #: CL2747
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 1143870282
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Estimated monthly repaymentR 22,758
Total property loan amountR 2,100,000
Total interestR 3,361,884
Total repaymentR 5,461,884
Interest rate at 11.75% for 20 years *
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Port Commercial Properties Pty Ltd
Selling for 5+ years
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This unique property is ideally located in the energetic node of Observatory and offers two neighbouring properties well suited for a wide range of businesses or upliftment ideas. These can be sold separately if required. The property has a stunning facade onto Lower Main main Road and offers two neighbouring ERFs namely: 319 and 321 Lower Main. The two properties have separate entrances but are interlinked internally. By far the biggest value add is the ample parking on offer. There is space for around 6 vehicles on the curbside and another +- 5 vehicle at the back. The zoning of General Business 1 also allows for flexibility thus allowing a live and work environment or even a multi-tenant environment catering for the demands of the market. Both properties are have ample water and waste points along with ample toilets. There is 3 phase power available and a 1st floor hoist gantry for large items. Both also have prepaid electricity and offer +- 185 sqm of rentable space each side over two floors. With a quick clean up and paint this property could be ideally suited for your business or your next property venture. Contact me to discuss all possibilities or find out more regarding rates, plan, etc.Property Reference #: 6272105Agent Details:Kurt DreyerQuay1 International Realty153 Kloof StreetGardensCape Town
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