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ALERTS

R3,900,000

523 Albert Road

Investment property for sale in an up and coming node of Salt River

This stand alone property is located along the busy Albert Main Road and offers an in come producing property. This location is also set to see a drastic facelift over the coming years with the all new Amazon headquarters opening its door just a mere 300 meters away thus completely changing the demand for this area.

The property is currently tenanted with one single tenant who has had a great trackrecord over the last few years with no signs of leaving any time soon. The building is split into multiple residential units on the top floor and 3 retail units on the group floor. All of the spaces are rented out.

The building zoning of General Business 5 allows for an array of tenant types and also allows for a great development site down the line with +- 884 sqm of rentable space that can be built on this site.

Contact me today to discuss or view this great opportunity

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
284m²
Land Size
221m²

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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2024 Budget Update: Growth, Stability, and Opportunities in Cape Town's Property Market
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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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.

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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

54,275.89

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