REDEVELOPMENT PROPERTY FOR SALE | KENILWORTH

R 9,500,000

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19 days ago60 views
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General Details
Location:
Kenilworth, Southern Suburbs
Description
The current building stands on an Erf approximately 1048m2 in size. The zoning is GR4 with a potential bulk of over 3200m2. Development plans have already been drawn by an architect. This prime location on Main Road Kenilworth is amongst the last properties with development potential. Renewed building activity in the area is indicative of Kenilworth being a burgeoning suburb.

Ease of access to Claremont central, Upper Wynberg and surrounds. This site is a few hundred metres away from popular coffee shops, food outlets, doctors rooms and the like. Bordering on the leafy residential portion of Kenilworth, this opportunity is in a prime location.

Property Reference #: CL3464

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 1276331447
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Estimated monthly repaymentR 102,953
Total property loan amountR 9,500,000
Total interestR 15,208,522
Total repaymentR 24,708,522
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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