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Upgrade and Development Opportunity
R 145,000,000
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5 months ago129 views
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General Details
Location:
Description
It is not often that one finds an opportunity that has 1.5 ADJACENT CITY BLOCKS with properties sitting on one of the busiest roads in Pretoria.
The opportunity is for the expansion and upgrade of the exiting structures to host:
1) a RETAIL CENTRE and OFFICES on the first city block and (approximately 1.88Ha)
2) a MOTOR CITY and MIXED USE on the second city block. (approximately 1.06Ha)
This is the sale of a property portfolio that has been built up over many years and been managed with existing tenants. A lot of the tenants that are currently occupying the various buildings and their leases could be pulled over to the new upgrade and development.
Agent ready to receive your enquiry to give more information and background.
The upgrade opportunities presented have been explored with various designs and tenant mixes as coordinated with the current owner (disclaimer: Designs were executed under instruction from the current owner. No tenant signage indicated suggests or binds any parties nor does it suggest that these tenants may or may not be interested in this development)
Property Reference #: RNC1232
Agent Details:
Dwayne Olivier
RealNet Properties
Block 12, Ground Floor
Boardwalk Office Park
Eros Street
Faerie Glen
The opportunity is for the expansion and upgrade of the exiting structures to host:
1) a RETAIL CENTRE and OFFICES on the first city block and (approximately 1.88Ha)
2) a MOTOR CITY and MIXED USE on the second city block. (approximately 1.06Ha)
This is the sale of a property portfolio that has been built up over many years and been managed with existing tenants. A lot of the tenants that are currently occupying the various buildings and their leases could be pulled over to the new upgrade and development.
Agent ready to receive your enquiry to give more information and background.
The upgrade opportunities presented have been explored with various designs and tenant mixes as coordinated with the current owner (disclaimer: Designs were executed under instruction from the current owner. No tenant signage indicated suggests or binds any parties nor does it suggest that these tenants may or may not be interested in this development)
Property Reference #: RNC1232
Agent Details:
Dwayne Olivier
RealNet Properties
Block 12, Ground Floor
Boardwalk Office Park
Eros Street
Faerie Glen
Id Subtitle 1310390052
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Estimated monthly repaymentR 1,571,376
Total property loan amountR 145,000,000
Total interestR 232,130,058
Total repaymentR 377,130,058
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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RealNet Properties
Selling for 1 year
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