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3 Bedroom house in Sea Point For Sale
R 8,500,000
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5 months ago93 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):3
Bathrooms (#):2
Size (sqm):537
Description
This is a Golden Development opportunity in the heart of Sea Point. The plan as per design currently available is for 5 units each between 90 and 125sqm.
- Underground Parking
- Plans available (approved in principle)
- Demo permit in place
- Gr2
- 537sqm ERF
ROI gross as per feasibility 30% with a net ROI of 16% anticipated. Depending on financial budgeting and work flow management these numbers could be improved. Too good to pass on!
For further information a consultation and market valuation can be drawn up. The current going rate for units of this size and with a modern spec sits at around 45 to 55k per sqm with the top unit possibly reaching 60 -66k per sqm depending on finishing schedule.
The property is currently tenanted with a 3month termination clause. However, the tenant would be happy to stay on until due time, as he has been residing in the property for numerous years.
Property Reference #: ENT0246540
Agent Details:
Ronak Spamer
KW Explore Atlantic
55 Somerset Road, Somerset Square Unit c5,DeWaterkant,Greenpoint 8005, Green Point, Cape Town, Wes
- Underground Parking
- Plans available (approved in principle)
- Demo permit in place
- Gr2
- 537sqm ERF
ROI gross as per feasibility 30% with a net ROI of 16% anticipated. Depending on financial budgeting and work flow management these numbers could be improved. Too good to pass on!
For further information a consultation and market valuation can be drawn up. The current going rate for units of this size and with a modern spec sits at around 45 to 55k per sqm with the top unit possibly reaching 60 -66k per sqm depending on finishing schedule.
The property is currently tenanted with a 3month termination clause. However, the tenant would be happy to stay on until due time, as he has been residing in the property for numerous years.
Property Reference #: ENT0246540
Agent Details:
Ronak Spamer
KW Explore Atlantic
55 Somerset Road, Somerset Square Unit c5,DeWaterkant,Greenpoint 8005, Green Point, Cape Town, Wes
Id Subtitle 1254110997
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Estimated monthly repaymentR 92,116
Total property loan amountR 8,500,000
Total interestR 13,607,625
Total repaymentR 22,107,625
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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KW Explore Atlantic
Selling for 2+ years
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