Mixed Use sold in Lotus River, Cape Town
-
4,127m²
-
Web Ref: 1315021
Property Features
Investment with a Development Opportunity for Sale
Investment / Development Opportunity:
This property offers:
• 4 127m2 total erf size.
• GB1 Zoning
• 2 300m2 is flat vacant land
• One four-bedroom house on the erf.
• Five retail stores on the erf.
The Retail Stores
• Has a combined rental income of R 56 000,00 per month.
• Solid long-term leases in place with development clause.
• Fully let.
• Leases managed by Rawson Properties Constantia.
The Residence:
• Four bedrooms
• Market Value R 1, 5 million
• Rental potential R 12 000,00 per month.
The Vacant Land
• 2 300m2 flat open land.
• Behind walls with separate gate for entry.
• Ideal for a residential or commercial development.
• Electricity substation in front of the property.
Asking price R 8 500 000,00 (NO VAT)
Viewings by appointment only
Contact the broker
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
Bond repayment calculator
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Ready to sell?
Our goal is to sell your property at the right price and in the shortest possible time.