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MIXED USE PROPERTY | PINELANDS | RESIDENTIAL DEVELOPMENT OPPORTUNITY
R 72,000,000
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1 month ago26 views
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Description
Residential redevelopment opportunity available in the heart of Pinelands. Site development plan approval has been received, and plans are available on request. The plans speak to a high rise residential complex with 340 apartments, and retail space. With basement, ground, and 1st floor parking bays providing 467 single bays and 91 tandem parking bays.
Located off Forest Drive in Pinelands, this property offers office, and large volume warehousing - comprising approximately 2200m2 in total. External access to the warehouse is via two large roller shutter doors. Internally the warehouse roof height is approximately 5m making for ample storage. The office portion comprises 2 floors, mostly open plan. The double volume entrance makes an inviting and professional impression. Dry wall exists largely throughout the office space which can be reconfigured to accommodate future needs. A large strong room is located on the 2nd floor. Beautifully modern bathrooms cater for ablution needs. The offices are airconditioned and backup power is supplied by a generator. Externally there are 46 parking bays, some under cover, all behind a security gate. There is also ample space to use as extra parking. Completely fenced in, this property is neat and secure.
Property Reference #: CL3290
Agent Details:
Anton Viljoen
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Located off Forest Drive in Pinelands, this property offers office, and large volume warehousing - comprising approximately 2200m2 in total. External access to the warehouse is via two large roller shutter doors. Internally the warehouse roof height is approximately 5m making for ample storage. The office portion comprises 2 floors, mostly open plan. The double volume entrance makes an inviting and professional impression. Dry wall exists largely throughout the office space which can be reconfigured to accommodate future needs. A large strong room is located on the 2nd floor. Beautifully modern bathrooms cater for ablution needs. The offices are airconditioned and backup power is supplied by a generator. Externally there are 46 parking bays, some under cover, all behind a security gate. There is also ample space to use as extra parking. Completely fenced in, this property is neat and secure.
Property Reference #: CL3290
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 1318666569
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Estimated monthly repaymentR 780,270
Total property loan amountR 72,000,000
Total interestR 115,264,581
Total repaymentR 187,264,581
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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Port Commercial Properties Pty Ltd
Selling for 6+ years
Total Ads895
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