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Investment Property
R 21,700,000
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1 year ago100 views
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Description
Great Retirement Income
Industrial space is becoming a scarce commodity in Cape Town
This park is in the heart of Maitland with access to all major routes .
The park currently has 39 rentable areas , and has the potential to be made into sectional title units.
Mixed use zoning is an added advantage .
At a cap rate of 10.5%, the park has a great return on investment .
Please call Maryann Gama or Robin Lautenbach to view .
Property Reference #: CL3456
Agent Details:
Robin Lautenbach
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
Industrial space is becoming a scarce commodity in Cape Town
This park is in the heart of Maitland with access to all major routes .
The park currently has 39 rentable areas , and has the potential to be made into sectional title units.
Mixed use zoning is an added advantage .
At a cap rate of 10.5%, the park has a great return on investment .
Please call Maryann Gama or Robin Lautenbach to view .
Property Reference #: CL3456
Agent Details:
Robin Lautenbach
Sothebys International Realty Commercial
49 Tokai Road
Tokai
7945
Id Subtitle 1165035073
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Estimated monthly repaymentR 235,165
Total property loan amountR 21,700,000
Total interestR 34,739,464
Total repaymentR 56,439,464
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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Sothebys International Realty Commercial
Selling for 2+ years
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