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TENANTED INVESTMENT | CONVERSION OPPORTUNITY | CITY CENTRE
R 34,000,000
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7 months ago41 views
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General Details
Location:
Description
This property is situated on the corner of St Georges Mall and Castle Street, in the Cape Town City Centre. The property offers excellent visibility along pedestrianized St Georges Mall and Castle Street corridors which receive high levels of foot traffic. The neighbourhood has a vibrant mix of cafe culture, corporate offices, apartment living as well as hotels. The property is also conveniently located in close proximity to the Cape Town High Court and Chambers, and other courts.
The property consists Of Basement, Ground, Plus 6 Additional Floors Above The Ground Floor. Total GLA is circa 1947 m2, zoning is General Business 7. The building consists of ground floor currently configured as 4 retail units, plus 1st to seventh floor, and a large balcony On The 7th Floor.
Property Reference #: CL3189
Agent Details:
Neil Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
The property consists Of Basement, Ground, Plus 6 Additional Floors Above The Ground Floor. Total GLA is circa 1947 m2, zoning is General Business 7. The building consists of ground floor currently configured as 4 retail units, plus 1st to seventh floor, and a large balcony On The 7th Floor.
Property Reference #: CL3189
Agent Details:
Neil Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town
Id Subtitle 1234707301
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Estimated monthly repaymentR 368,461
Total property loan amountR 34,000,000
Total interestR 54,430,497
Total repaymentR 88,430,497
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 5+ years
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