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Prime Development Opportunity on Rabie Street.
R 239,900
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):2
Size (sqm):540
Parking:Garage
Description
Exclusive Sole Mandate.
Owner asking R2,500,000, taking offers from R2,450,000. Located on the highly visible and bustling Rabie Street, this substantial 6-bedroom, 2-bathroom property presents an exceptional investment opportunity for developers and business owners alike. Positioned opposite a petrol filling station, the property offers ample front parking space, making it ideal for a wide range of commercial uses.
The surrounding area is experiencing significant growth, with many neighbouring properties transitioning from residential homes to thriving businesses. This makes rezoning and commercial development a lucrative option, offering potential for value appreciation as the area continues to evolve.
The house itself is in solid condition and offers versatility for immediate use as residential or office space. For those looking for service-oriented business options, the property features two large warehouse areas, perfectly suited for a garage workshop, panel-beating business, or additional storage space.
This is an outstanding opportunity for developers or business owners to take advantage of the growing commercial demand in this strategically positioned area.
Property Reference #: RL15036
Agent Details:
Maria Conradie
Meridian Realty
Loft Office 6
The Woodmill Lifestyle Centre
Vredenburg Road
Devonvallei
Stellenbosch
7600
Owner asking R2,500,000, taking offers from R2,450,000. Located on the highly visible and bustling Rabie Street, this substantial 6-bedroom, 2-bathroom property presents an exceptional investment opportunity for developers and business owners alike. Positioned opposite a petrol filling station, the property offers ample front parking space, making it ideal for a wide range of commercial uses.
The surrounding area is experiencing significant growth, with many neighbouring properties transitioning from residential homes to thriving businesses. This makes rezoning and commercial development a lucrative option, offering potential for value appreciation as the area continues to evolve.
The house itself is in solid condition and offers versatility for immediate use as residential or office space. For those looking for service-oriented business options, the property features two large warehouse areas, perfectly suited for a garage workshop, panel-beating business, or additional storage space.
This is an outstanding opportunity for developers or business owners to take advantage of the growing commercial demand in this strategically positioned area.
Property Reference #: RL15036
Agent Details:
Maria Conradie
Meridian Realty
Loft Office 6
The Woodmill Lifestyle Centre
Vredenburg Road
Devonvallei
Stellenbosch
7600
Id Subtitle 1296604674
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Estimated monthly repaymentR 2,600
Total property loan amountR 239,900
Total interestR 384,056
Total repaymentR 623,956
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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Meridian Realty
Selling for 8+ months
Total Ads1.08K
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