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Mixed use property for sale
R 7,000,000
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11 months ago141 views
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Description
Welcome to an exceptional investment opportunity - a mixed-use property with tremendous redevelopment potential. This property, located in the highly sought-after area of De Waterkant, offers an MU2 zoning, allowing for the addition of two stories to the existing building. Currently occupied by an owner in the fashion industry, this property holds great potential for conversion into luxury apartments, a lucrative market in De Waterkant, where apartments are selling for R35,000/sqm and above.
Key Features:
Location: Situated in De Waterkant, this property boasts a coveted location just a stone's throw away from the Waterfront, city center, Greenpoint, and Seapoint. Its central position provides easy access to a wide range of amenities, including shopping, dining, entertainment, and transportation.
Redevelopment Potential: The MU2 zoning allows for the exciting opportunity to add two additional stories to the existing structure. This opens up possibilities for transforming the property into luxury apartments, tapping into the high demand for upscale living in De Waterkant. Expanding the building would significantly increase its value and appeal.
Investment Appeal: With its desirable location and potential for redevelopment, this property represents a compelling investment opportunity. As property values continue to rise in De Waterkant, acquiring this prime real estate has the potential to yield substantial returns over time.
Development Plans: Detailed plans have already been commissioned, showcasing the potential for adding two floors to the existing structure. These plans serve as a valuable resource, illustrating the development possibilities and guiding the expansion process.
Inquire Now:
Don't miss out on this prime real estate opportunity in De Waterkant. Contact us today to arrange a viewing and explore the development potential of this mixed-use property. We look forward to discussing this exciting investment opportunity with you.
Property Reference #: 5933784
Agent Details:
Gareth Dudgeon
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Key Features:
Location: Situated in De Waterkant, this property boasts a coveted location just a stone's throw away from the Waterfront, city center, Greenpoint, and Seapoint. Its central position provides easy access to a wide range of amenities, including shopping, dining, entertainment, and transportation.
Redevelopment Potential: The MU2 zoning allows for the exciting opportunity to add two additional stories to the existing structure. This opens up possibilities for transforming the property into luxury apartments, tapping into the high demand for upscale living in De Waterkant. Expanding the building would significantly increase its value and appeal.
Investment Appeal: With its desirable location and potential for redevelopment, this property represents a compelling investment opportunity. As property values continue to rise in De Waterkant, acquiring this prime real estate has the potential to yield substantial returns over time.
Development Plans: Detailed plans have already been commissioned, showcasing the potential for adding two floors to the existing structure. These plans serve as a valuable resource, illustrating the development possibilities and guiding the expansion process.
Inquire Now:
Don't miss out on this prime real estate opportunity in De Waterkant. Contact us today to arrange a viewing and explore the development potential of this mixed-use property. We look forward to discussing this exciting investment opportunity with you.
Property Reference #: 5933784
Agent Details:
Gareth Dudgeon
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1214140533
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Estimated monthly repaymentR 75,860
Total property loan amountR 7,000,000
Total interestR 11,206,279
Total repaymentR 18,206,279
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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Quay1 International Realty
Selling for 2+ years
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