R4,900,000
Versatile corner income producing property for sale in Maitland
* Sole Mandate *
This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential.
The site currently has 8 full bedrooms along with 2 kitchens + ample toilets + a large double garage (easily converted into rooms) + a large yard of +- 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also offers great development possibilities down the line with the zoning of GR4 thus allowing a total bulk amount of 1581 sqm of rentable space.
Overall this property offers a versatile investment with a number of ways to unlock value and thus achieve great returns. Contact me to discuss this great opportunity or to view.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,054m²
Land Size
1,054m²
Maitland, Cape Town
Also known as the Mother City, Cape Town plays host to a multitude of beautiful areas and incredible cultures. Located in the southern point of the peninsula, Cape Town has become one of the most incredible places to visit in the world. From deep rooted cultures to incredible beaches, this is the place perfect for those looking to experience all the aspects that make this place a worldly recognized location.
More Info
Get Email Alerts
Sign-up and receive Property Email Alerts of Guest Houses for sale in Maitland, Cape Town.
Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.