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WOODSTOCK RETAIL 3 STORY BUILDING FOR SALE
R 10,500,000
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2 years ago300 views
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Description
This three-story building is a landmark property located in the heart of Woodstock and is in close proximity to The Palms. The owner has decided to place the much-loved property on the market after owning it for over 50 years.
The property has a ground floor retail space of 150m2, which benefits from roller doors on two sides of the building. Upstairs, there are two floors that together measure about 220m2 and are currently being used as residential apartments. One unit has 2 beds and 2 baths, while the second unit has 1 bed and 1 bath.
The property has the potential to be maintained as it is, or alternatively, converted into office/commercial space upstairs. The location of this building is excellent for commercial use as it is located in a popular and vibrant area that is well-connected to transport links.
Overall, this property presents an opportunity for investors or developers looking to establish a presence in the Woodstock area, and the potential for commercial use or residential use could make it a valuable asset for interested parties. Potential buyers should evaluate the property's potential and consider their specific needs and purposes.
Property Reference #: CL1278
Agent Details:
Helen Maroulis
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
The property has a ground floor retail space of 150m2, which benefits from roller doors on two sides of the building. Upstairs, there are two floors that together measure about 220m2 and are currently being used as residential apartments. One unit has 2 beds and 2 baths, while the second unit has 1 bed and 1 bath.
The property has the potential to be maintained as it is, or alternatively, converted into office/commercial space upstairs. The location of this building is excellent for commercial use as it is located in a popular and vibrant area that is well-connected to transport links.
Overall, this property presents an opportunity for investors or developers looking to establish a presence in the Woodstock area, and the potential for commercial use or residential use could make it a valuable asset for interested parties. Potential buyers should evaluate the property's potential and consider their specific needs and purposes.
Property Reference #: CL1278
Agent Details:
Helen Maroulis
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
Id Subtitle 1067112922
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Estimated monthly repaymentR 113,790
Total property loan amountR 10,500,000
Total interestR 16,809,418
Total repaymentR 27,309,418
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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Sothebys International Realty Commercial
Selling for 3+ years
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