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Development Opportunity in Observatory
R 50,000,000
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2 years ago463 views
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General Details
Location:
Description
Property For Sale in Observatory
Zoning: General Business (GB5)
Coverage: 100%
Height: 25m
Floor factor: 4
Maximum Permissible Bulk: 9 416m2
Strategically positioned at the intersection of Main Road and Milton Road in Observatory, this retail space ensures optimal visibility and accessibility, with close proximity to the N2 highway. Attributed to its proximity to the University of Cape Town, the area has a large presence of students. Additionally, the property's strategic location near Groote Schuur Hospital adds to its appeal, making this property an enticing investment opportunity for those seeking a well-connected retail space in a bustling neighborhood with a built-in audience of both students and healthcare professionals.
Property Reference #: CL33
Agent Details:
Natalya Mota
Wonderland Properties
147 North Reef Road
Wonderland Park
Bedfordview
Johannesburg
0401
Zoning: General Business (GB5)
Coverage: 100%
Height: 25m
Floor factor: 4
Maximum Permissible Bulk: 9 416m2
Strategically positioned at the intersection of Main Road and Milton Road in Observatory, this retail space ensures optimal visibility and accessibility, with close proximity to the N2 highway. Attributed to its proximity to the University of Cape Town, the area has a large presence of students. Additionally, the property's strategic location near Groote Schuur Hospital adds to its appeal, making this property an enticing investment opportunity for those seeking a well-connected retail space in a bustling neighborhood with a built-in audience of both students and healthcare professionals.
Property Reference #: CL33
Agent Details:
Natalya Mota
Wonderland Properties
147 North Reef Road
Wonderland Park
Bedfordview
Johannesburg
0401
Id Subtitle 949729545
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Estimated monthly repaymentR 541,854
Total property loan amountR 50,000,000
Total interestR 80,044,848
Total repaymentR 130,044,848
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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Wonderland Properties
Selling for 2+ years
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