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Investment property for sale in an up and coming node of Salt River
R 3,900,000
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Description
This stand alone property is located along the busy Albert Main Road and offers an in come producing property. This location is also set to see a drastic facelift over the coming years with the all new Amazon headquarters opening its door just a mere 300 meters away thus completely changing the demand for this area.
The property is currently tenanted with one single tenant who has had a great trackrecord over the last few years with no signs of leaving any time soon. The building is split into multiple residential units on the top floor and 3 retail units on the group floor. All of the spaces are rented out.
The building zoning of General Business 5 allows for an array of tenant types and also allows for a great development site down the line with +- 884 sqm of rentable space that can be built on this site.
Contact me today to discuss or view this great opportunity
Property Reference #: 6415888
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
The property is currently tenanted with one single tenant who has had a great trackrecord over the last few years with no signs of leaving any time soon. The building is split into multiple residential units on the top floor and 3 retail units on the group floor. All of the spaces are rented out.
The building zoning of General Business 5 allows for an array of tenant types and also allows for a great development site down the line with +- 884 sqm of rentable space that can be built on this site.
Contact me today to discuss or view this great opportunity
Property Reference #: 6415888
Agent Details:
Kurt Dreyer
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1270597357
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Estimated monthly repaymentR 42,265
Total property loan amountR 3,900,000
Total interestR 6,243,499
Total repaymentR 10,143,499
Interest rate at 11.75% for 20 years *
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Quay1 International Realty
Selling for 2+ years
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