PRIME RETAIL PROPERTY | HIGH VISIBILTY | WYNBERG

R 15,000,000

Can I afford this?
2 months ago59 views
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General Details
Description
This perfectly positioned, highly visible premises enjoys incredibly high foot traffic. With its proximity to Maynard Mall, public transport routes and large public parking lot adjacent, access is seamless. At the back of the building is a large roll-up door and fenced off area which makes for easy delivery and private parking.

The retail frontage of the property is currently tenanted and comprises 3 sections. The income stream from these three tenants offers an opportunity for an investor buyer. The rear of the building could be offered to new retail businesses making for further rental income in the future redevelopment of the premises is also an option- there is a set of redevelopment plans drawn up. Large volume opportunities in this area are fairly rare and the additional parking and ease of access makes this space even more attractive.

Property Reference #: CL3324

Agent Details:
Anton Viljoen
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town

Id Subtitle 1263777683
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Estimated monthly repaymentR 162,557
Total property loan amountR 15,000,000
Total interestR 24,013,455
Total repaymentR 39,013,455
Interest rate at 11.75% for 20 years *
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Port Commercial Properties Pty Ltd
Selling for 5+ years
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