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Tenanted Freestanding Redevelopment Opportunity On Victoria Road
R 7,800,000
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4 months ago204 views
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Description
SOLE MANDATE: This heritage building is split up into 4 sections with 3 retail units facing the busy Victoria Road and a warehouse that has access via a roller shutter door on Woodlands Road. The current zoning on the building is Mixed-Use 2 and there is a substantial amount of bulk that can be added to the site. The space is ideal for a retail user that requires a distribution warehouse and additional office. The site is also prime for residential development being in close proximity to the new Woodstock Quarter and Ironworks Buildings.
There are currently 3 tenants in place paying market-related rentals. All leases have redevelopment clauses with a notice period of 3 months. Any potential buyer would be able to zero-rate the transaction on this building. This recently rejuvenated node in Woodstock is highly sought after given the atmosphere and creative hub, rapid access to all major major roads and close proximity to the CBD. For more information please contact our area specialist at Annenberg.
Property Reference #: CL13095
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2DMatrix8 BridgewayCentury City 7441
Bridgeway
Century City
7441
There are currently 3 tenants in place paying market-related rentals. All leases have redevelopment clauses with a notice period of 3 months. Any potential buyer would be able to zero-rate the transaction on this building. This recently rejuvenated node in Woodstock is highly sought after given the atmosphere and creative hub, rapid access to all major major roads and close proximity to the CBD. For more information please contact our area specialist at Annenberg.
Property Reference #: CL13095
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2DMatrix8 BridgewayCentury City 7441
Bridgeway
Century City
7441
Id Subtitle 1251768838
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Estimated monthly repaymentR 84,530
Total property loan amountR 7,800,000
Total interestR 12,486,997
Total repaymentR 20,286,997
Interest rate at 11.75% for 20 years *
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Annenberg Property Group
Selling for 7+ years
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