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Prime retail property for sale in the iconic node of Chelsea Village
R 13,225,000
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Description
This property is ideally located in the well known precinct of Chelsea Village, Upper Wynberg and offers a unique investment opportunity to a savvy buyer. This node is well known for its high end retailers and businesses which attract high end clientele. Companies such as art galleries, antique stores, estate agencies, and popular coffee shops have made themselves at home here over the years.
The site offers a rentable area of 510 sqm over 2 floors. The ground floor is recently vacant but offers a prime street facing retail unit which is ideal for any business but particularly suited to restaurant/coffee shops, art galleries, estate agencies, bespoke designers, etc. There is also a full commercial kitchen installed, a walk in fridge, reception area, and neat guest toilets.The 1st floor is shared between a high end hair salon and Beauty spa with a great track record and set clientele. This floor offers a light and bright space with an exclusive open balcony which is a massive value add.
Overall this charming property offers an investment opportunity for any investor looking to get into this precinct or alternatively any owner occupier looking to house their own business in the attractive and central node. This sale is also inclusive of VAT and does not attract transfer duty.
Contact me to arrange a viewing or to find out more about rentals, rates, floor plans, etc.
Property Reference #: 6445249
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
The site offers a rentable area of 510 sqm over 2 floors. The ground floor is recently vacant but offers a prime street facing retail unit which is ideal for any business but particularly suited to restaurant/coffee shops, art galleries, estate agencies, bespoke designers, etc. There is also a full commercial kitchen installed, a walk in fridge, reception area, and neat guest toilets.The 1st floor is shared between a high end hair salon and Beauty spa with a great track record and set clientele. This floor offers a light and bright space with an exclusive open balcony which is a massive value add.
Overall this charming property offers an investment opportunity for any investor looking to get into this precinct or alternatively any owner occupier looking to house their own business in the attractive and central node. This sale is also inclusive of VAT and does not attract transfer duty.
Contact me to arrange a viewing or to find out more about rentals, rates, floor plans, etc.
Property Reference #: 6445249
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1274028638
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Estimated monthly repaymentR 143,321
Total property loan amountR 13,225,000
Total interestR 21,171,863
Total repaymentR 34,396,863
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
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