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Multi-tenant street facing retail investment opportunity for sale
R 8,400,000
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2 months ago44 views
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Description
This prime priority is ideally located on busy Salt River road which is one of the main arterial roads linking Albert Main Road and Victoria Main Road.
The site offers an ERF size of 820 sqm and a rentable area of 760 sqm spit up over 5 retail tenants. The property has seen high tenancy rates over the years and proves to be a reliable investment property overall. The site is also zoned Mixed Use 2 which thus allows for huge development possibilities down the line with 3280 sqm of allowable usable space after developing. The property also has drawn up plans for 51 units to be built on site (not approved yet).
Overall this property offers a great retail type offering with solid tenancy rates. The positioning allows for great street visibility and the zoning allows for massive development possibilities if required.
Contact me to discuss or view.
Property Reference #: 6419367
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
The site offers an ERF size of 820 sqm and a rentable area of 760 sqm spit up over 5 retail tenants. The property has seen high tenancy rates over the years and proves to be a reliable investment property overall. The site is also zoned Mixed Use 2 which thus allows for huge development possibilities down the line with 3280 sqm of allowable usable space after developing. The property also has drawn up plans for 51 units to be built on site (not approved yet).
Overall this property offers a great retail type offering with solid tenancy rates. The positioning allows for great street visibility and the zoning allows for massive development possibilities if required.
Contact me to discuss or view.
Property Reference #: 6419367
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1270964440
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Estimated monthly repaymentR 91,032
Total property loan amountR 8,400,000
Total interestR 13,447,535
Total repaymentR 21,847,535
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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