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Mixed-Use Property With Main Road Exposure & Additional Bulk
R 12,590,000
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21 days ago36 views
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General Details
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Description
Solid Mixed-Use building for sale on Main Road in Observatory. There is permissible bulk for additional floors to be added on. The area is highly accessible and is the home of the South African Astronomical Observatory headquarters, Groote Schuur Hospital as well as new developments like the Peak Studios (student housing) 2U Global Head Office, and My Domain Student Housing, to name a few. The Amazon Headquarters for Africa and Riverlands development is also being developed nearby. There is a national tenant on the ground floor paying R44,000 per month and their lease expires in 2025. This 370A Main Road site is nestled in an area central to all of these new developments, and is a prime development opportunity or owner-occupier opportunity, given the following:
Erf Size: 455sqm
Zoning: Mixed-Use 2
Coverage Allowance: 100%
Floor Factor Allowance: 4
Height Restriction: 25 meters with current zoning
PERMISSIBLE BULK: 1365sqm
NOTE THAT THIS LISTING DOES NOT INCLUDE PHOTOS OR VIDEO CONTENT OF THE GROUND FLOOR
Additional features include a goods hoist to the 1st floor(currently vacant), a strongroom, 3 phase power, 5 parking bays directly outside the unit, a rooftop that can be converted into an entertainment deck with exceptional views, great signage opportunities etc. Please give me a call to discuss this property or arrange a viewing.
Property Reference #: CL13483
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2D
Matrix
8 Bridgeway
Century City
7441
Bridgeway
Century City
7441
Erf Size: 455sqm
Zoning: Mixed-Use 2
Coverage Allowance: 100%
Floor Factor Allowance: 4
Height Restriction: 25 meters with current zoning
PERMISSIBLE BULK: 1365sqm
NOTE THAT THIS LISTING DOES NOT INCLUDE PHOTOS OR VIDEO CONTENT OF THE GROUND FLOOR
Additional features include a goods hoist to the 1st floor(currently vacant), a strongroom, 3 phase power, 5 parking bays directly outside the unit, a rooftop that can be converted into an entertainment deck with exceptional views, great signage opportunities etc. Please give me a call to discuss this property or arrange a viewing.
Property Reference #: CL13483
Agent Details:
Daniel Botha
Annenberg Property Group
Office 2D
Matrix
8 Bridgeway
Century City
7441
Bridgeway
Century City
7441
Id Subtitle 1277459100
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Estimated monthly repaymentR 136,439
Total property loan amountR 12,590,000
Total interestR 20,155,293
Total repaymentR 32,745,293
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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Annenberg Property Group
Selling for 7+ years
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