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For Developer Consideration
R 8,950,000
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Description
Team Sierra are proud to present this property and space.
An excellent opportunity exists for someone for an appetite and experience with commercial to residential conversions.
Currently being used as a commercial space, however has the floor span, and parking space to allow for complete conversion to residential investor style units.
Other details include:
Excellent views
Building is secure and well located
Short term rentals are permitted
Ample balcony space
Top floor position
Onsite security
No Loadshedding
Total of 8 undercover parkings, 4 single bays & two tandem bays
If Vat registered, purchase will attract Vat, No transfer duties
Your other alternative, is to buy and hold, convert to a large penthouse style apartment thats lock up and go.
Lets talk.
Property Reference #: TPC364
Agent Details:
Arthur Sierra
Tyson Properties
253 Main Rd
Sea Point
8060
An excellent opportunity exists for someone for an appetite and experience with commercial to residential conversions.
Currently being used as a commercial space, however has the floor span, and parking space to allow for complete conversion to residential investor style units.
Other details include:
Excellent views
Building is secure and well located
Short term rentals are permitted
Ample balcony space
Top floor position
Onsite security
No Loadshedding
Total of 8 undercover parkings, 4 single bays & two tandem bays
If Vat registered, purchase will attract Vat, No transfer duties
Your other alternative, is to buy and hold, convert to a large penthouse style apartment thats lock up and go.
Lets talk.
Property Reference #: TPC364
Agent Details:
Arthur Sierra
Tyson Properties
253 Main Rd
Sea Point
8060
Id Subtitle 1225166623
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Estimated monthly repaymentR 96,992
Total property loan amountR 8,950,000
Total interestR 14,328,028
Total repaymentR 23,278,028
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Tyson Properties
Selling for 3+ years
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