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Mixed use property for sale | Main Road Observatory

R 15,750,000

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1 year ago403 views
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General Details
Description
Prime property situated on busy Observatory Main Road. This property is partially tenanted with a fitment centre on the ground and the 1st floor is vacant. The property is zoned mixed use 2 which allows for a variety of uses such as residential accommodation, offices , retail , hotel, and more. There is potential to add more floors to the building, and turn the building into student residence.

An owner would benefit from signage and branding opportunities on this busy main road. The building is equipped with 3 phase power, and has 5 council parking bays directly in front of the unit. This is a VAT applicable sale.

Property Reference #: CL3369

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

Id Subtitle 1268538137
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Estimated monthly repaymentR 170,684
Total property loan amountR 15,750,000
Total interestR 25,214,127
Total repaymentR 40,964,127
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 6+ years
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