Prime Development Opportunity in Salt River.

R 8,000,000

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1 year ago125 views
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Description
Prime Development Opportunity in Salt River.
This property, situated on busy Queen's Park Avenue in the industrial node of Salt River presents a perfect development opportunity with its versatile MU2 zoning. Currently comprised of two erven, one building of 350m2 under roof and a vacant erf of 568m2, the properties have a combined bulk factor of around 4,600m2.
Situated close to both the N1 and N2 highways, and newly completed upmarket retail and commercial developments in the adjacent area, this is one of the fastest growing investment corridors in the area

Property Reference #: CL2119

Agent Details:
Daniel Bernberg
Port Commercial Properties Pty Ltd
Suite G01 Radar Dad Building
17 Queens Park Avenue
Salt River
7925
Cape Town

Id Subtitle 1166116750
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Estimated monthly repaymentR 86,697
Total property loan amountR 8,000,000
Total interestR 12,807,176
Total repaymentR 20,807,176
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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Port Commercial Properties Pty Ltd
Selling for 5+ years
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