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Retail Space For Sale in Brooklyn, Milnerton
R 14,500,000
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General Details
Location:
Size (sqm):1428
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Description
Don't regret not owning this piece of Koeberg Road in Brooklyn, the thriving heartbeat of a triumphant business landscape. The entire property presents a golden investment opportunity with tenants in situ, returning a lucrative ROI.
Koeberg Road is known for its constant foot traffic, cultural explosion of foreign foods, barbers, pulsating business entrepreneurs, home to a local school for the feeding area and continuous upgrade of buildings.
Excellent location for ongoing development in the UZD/Densification area. The Urban Development Zone tax incentive is an incentive scheme aimed at encouraging inner city renewal across South Africa. Any taxpaying, property-owning, individual or entity may claim the tax benefits of the UDZ incentive.
https://www.sars.gov.za/businesses-and-employers/my-business-and-tax/tax-and-urban-development-zones/udz-requirements/
A pristine corridor on the strip is well maintained by a Caretaker on the premises. Paying Tenants in all shops and rented rooms. Strict code adhered to by all tenants. A Lucrative return in all aspects.
FEATURES:
Street Strip: 10 retail outlets, fully tenanted.
Back Building: 4 large self-catering rooms - fully tenanted - 6 2-bed apartment
Prepaid Electricity.
Managed Rental Property - including dedicated Caretaker
Access to all arterials, fuel station, school on the opposite side for juniors, food outlets, etc.
The property's location in one of the most sought-after, proximity to the City of Cape Town, with High foot traffic in the busy Koeberg Road thoroughfare, ensuring a consistent flow of potential customers for the businesses to succeed, being a prime location for paying tenants on an ongoing basis.
Whether you're an experienced investor or looking to diversify your assets, this property provides incredible financial growth and stability opportunities.
Additional Information:
Total Sq Footage: 1 428 sq mtrs
GLA : Total Area
Number of Units: 10 Commercial Units , 4 Self-Catering Rooms adjacent to the shopfronts. 6 flats on first Floor
Parking : On Street and 4 parking bays in one unit
Income Potential: on Request.
Easy access to view, make contact for an in-depth business plan discussion.
Share your intention and proof of funds to arrange a walk-through of your next intelligent investment.
Eliminate regrets. This one will go fast!
Property Reference #: 7002001-42186
Agent Details:
Miri Moore
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Koeberg Road is known for its constant foot traffic, cultural explosion of foreign foods, barbers, pulsating business entrepreneurs, home to a local school for the feeding area and continuous upgrade of buildings.
Excellent location for ongoing development in the UZD/Densification area. The Urban Development Zone tax incentive is an incentive scheme aimed at encouraging inner city renewal across South Africa. Any taxpaying, property-owning, individual or entity may claim the tax benefits of the UDZ incentive.
https://www.sars.gov.za/businesses-and-employers/my-business-and-tax/tax-and-urban-development-zones/udz-requirements/
A pristine corridor on the strip is well maintained by a Caretaker on the premises. Paying Tenants in all shops and rented rooms. Strict code adhered to by all tenants. A Lucrative return in all aspects.
FEATURES:
Street Strip: 10 retail outlets, fully tenanted.
Back Building: 4 large self-catering rooms - fully tenanted - 6 2-bed apartment
Prepaid Electricity.
Managed Rental Property - including dedicated Caretaker
Access to all arterials, fuel station, school on the opposite side for juniors, food outlets, etc.
The property's location in one of the most sought-after, proximity to the City of Cape Town, with High foot traffic in the busy Koeberg Road thoroughfare, ensuring a consistent flow of potential customers for the businesses to succeed, being a prime location for paying tenants on an ongoing basis.
Whether you're an experienced investor or looking to diversify your assets, this property provides incredible financial growth and stability opportunities.
Additional Information:
Total Sq Footage: 1 428 sq mtrs
GLA : Total Area
Number of Units: 10 Commercial Units , 4 Self-Catering Rooms adjacent to the shopfronts. 6 flats on first Floor
Parking : On Street and 4 parking bays in one unit
Income Potential: on Request.
Easy access to view, make contact for an in-depth business plan discussion.
Share your intention and proof of funds to arrange a walk-through of your next intelligent investment.
Eliminate regrets. This one will go fast!
Property Reference #: 7002001-42186
Agent Details:
Miri Moore
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Id Subtitle 1261953426
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Estimated monthly repaymentR 157,138
Total property loan amountR 14,500,000
Total interestR 23,213,006
Total repaymentR 37,713,006
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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eXp Realty - Steven Johnstone Group
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