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Prime Position - Lower Main Road, Observatory

This fully tenanted commercial and residential redevelopment opportunity offers a wide range of potentials.

Situated on Observatory's vibrant lower Main Road the building has high visibility and is in a busy traffic zone.

Currently unsectionalised and situated within the City of Cape Town's Urban Development Zone (UDZ) tax incentive scheme the potential of the building is exceptional.

63 Lower Main Road, is situated near UCT, Groote Schuur Hospital, is centrally located on all major public transport routes, and is in an area where student housing is in high demand.

Presently the building is divided into four retail positions with high foot traffic, and four spacious apartments with balconies overlooking Lower Main Road. Workshops and storage surround a large yard at the back of the building which could easily be converted to parking or be expanded to add revenue.

Sold Mandate

Features

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0
Title:
Freehold
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,065m²
Land Size
1,065m²

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Property Information Pack1.6 MB

Observatory, Cape Town

Cape Town is a coastal city in South Africa. It is the second most populous urban area in South Africa, after Johannesburg. It is also the provincial capital and primate city of the Western Cape. Cape Town is rich in tourist attractions, beaches, public spaces, malls, resturants and night life.
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In the news

Report shows Cape Town central city still strong for investors
The latest edition of The State of Cape Town Central City Report: 2017 – A year in review has revealed that R23.954 billion of investment has, conservatively, been committed to the Cape Town Central City since the start of...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Sealedbid website is accurate and up to date, Sealedbid 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

13,215,073.67

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