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Prime corner mixed use building for sale in the up and coming Woodstock precinct
R 7,900,000
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Description
*Dual Mandate*
This lovely corner property offers a variety of options to a prospective buyer with the ideal zoning as mixed use 2.
The property is situated on a corner and thus offers a retail ground floor along with two floors of accommodation. The building is fully tenanted and thus offers an income generating opportunity. The structure has strong bones and thus is well positioned for a mixed development in the near future. The zoning of the property does allow for the rights to add additional floors onto the building thus unlocking value and some lovely views.
The area has seen a number of developments over the last few years which was unfortunately slowed down but the Covid period. This said we are now seeing huge demand in this region as we see a large influx of people moving down to Cape Town. We are also seeing for a number of large scale developments set to take place over the coming months and years.
Get your hands on this great opportunity and make your mark on this up and coming Woodstock node.
Contact me for more information, rates, to discuss or to view
Property Reference #: 6156881
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
This lovely corner property offers a variety of options to a prospective buyer with the ideal zoning as mixed use 2.
The property is situated on a corner and thus offers a retail ground floor along with two floors of accommodation. The building is fully tenanted and thus offers an income generating opportunity. The structure has strong bones and thus is well positioned for a mixed development in the near future. The zoning of the property does allow for the rights to add additional floors onto the building thus unlocking value and some lovely views.
The area has seen a number of developments over the last few years which was unfortunately slowed down but the Covid period. This said we are now seeing huge demand in this region as we see a large influx of people moving down to Cape Town. We are also seeing for a number of large scale developments set to take place over the coming months and years.
Get your hands on this great opportunity and make your mark on this up and coming Woodstock node.
Contact me for more information, rates, to discuss or to view
Property Reference #: 6156881
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1274416501
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Estimated monthly repaymentR 85,613
Total property loan amountR 7,900,000
Total interestR 12,647,086
Total repaymentR 20,547,086
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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Quay1 International Realty
Selling for 2+ years
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