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R2,450,000

230 lower main road

Charming mixed use property for sale along busy Lower Main Road

This charming mixed use property is located in the up and coming suburb of Observatory and offers a versatile product for any buyer.

The property is ideally located in Observatory which has seen a massive increase in investment over the last 24 months with students and small businesses making themselves at home. This specific node is also set to see huge improvement with the new Amazon development opening its doors in the coming months. Overall the node sees demand both residentially and commercial and luckily this property offers both.

The property itself is split into 3 main rooms. 1 Room is street facing with a retail type facade and thus could be used as retail. The other two rooms are ideal for either residential usage or can be used as offices. The house also benefits from the large lavatory and substantial kitchen space that opens up on to the rear courtyard. The building also has an exclusive side walkway access which adds to the versatility of the priority as it could hold two separate tenants if desired.

Overall this property does allow for options for a prospective buyer. It is however ideally suited for a work and live environment where a small retail presence on to the Lower Main Road would be beneficial.

Contact me to discuss or view this great property

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
163m²
Land Size
163m²

Observatory, Cape Town

Observatory is one of Cape Town's most Victorian-esque suburbs owing to its alternate, artistic and vintage feel to it all wrapped into one. The colourful homes, narrow streets and close proximity to cafes, restaurants and bars, make it a popular place to relocate. Observatory is also one of Cape Town's most appealing suburbs for young families and students who are studying at the University of Cape Town,...
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Sign up for bespoke property market updates here   South Africa's 2024 Medium-Term Budget Policy Statement (MTBPS), recently presented by Finance Minister Enoch Godongwana, focuses on balancing economic growth with fiscal...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

34,445.88

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