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R7,000,000

266 lower main road

Well kept property for sale in the up and coming node of Salt River / Observatory

- Dual Mandate -

This lovely stand alone property is zoned Mixed Use 2 which is arguably the best zoning for any building thus allowing a wide array of end uses and possibilities.

The property is very well kept and is ideally located on the border of Salt River and Observatory. This particular node has seen huge up-liftment in the last 3 years with a number of eateries, coffee shops, retailers, etc making themselves at home in this precinct. A particular thing to note is the new Amazon development which shall be opening its doors in the coming months which will no doubt have a positive effect on this surrounding area. The Observatory area has also seen a large influx of students over the last two years which has thus added to the energetic and vibrant feel of this much loved suburb.

The building itself offers a total of 885 sqm of rentable space over 3 floors with exceptional views of the mountain and harbour. The ground floor offers off street parking plus two 35 sqm workshops whilst the 1st and 2nd floors offers very neat office space. The ideal zoning (MU2) of the property allows for great development potential with around 1348 sqm of total rentable space. This means there is roughly 463 sqm of usable bulk available if required. Another unique selling point is that the property has huge power available at 400 amps supply which opens this building up to any business needing big power.

Contact me today to discuss this property or to arrange a viewing. More info on rates, etc on enquiry.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
885m²
Land Size
337m²

Salt River, 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.
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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 Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

97,418.26

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