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R58,000,000

Monthly Rates
R17,000 Excl. VAT

Investment / Development Opportunity Bellville CBD

The subject property is located just off Voortrekker road Bellville, the erf consist of approximately 6940m2.
The property consists of ground plus 3 floors of office space, currently occupied with 3 month exit clauses in place. There are approximately 62 parking bays, some which are currently leased by Eskom. There are also 2 large warehouses situated on the erf measuring +- 2000m2 that are currently used as retail units.

The property is located in the Bellville CBD.

Bellville has seen a big turnaround in safety and security since the inception of the Local Improvement districts and is additionally a draw car due to the UDZ (Urban Development Zone) tax incentive.

The property is in close proximity to the Middestad mall, Major public transport hubs and Cape Town International Airport.

While the property is currently zoned GI, it would be prudent to apply for a zoning conversion to GB4 or MU3. We propose that in order to yield maximum return on the property, a development incorporating Student accommodation would be best use, considering the proximity to Higher education institutions and the high volume of students in the area. The proposal of the potential of a development of this nature under subject to suitable zoning

Features

0
62
Title:
Freehold
Building Name:
Negatu Building
Zoning:
Industrial
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
3,500m²
Land Size
6,940m²
Parking Bays
Open Parking Bays
62
Extras
DEVELOPMENT OPPORTUNITY PROPOSAL With a zoning change there is great potential for development to Student accommodation due to the high demand in the area.
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Swindon Property website is accurate and up to date, Swindon Property 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

R
%

Monthly Payment

766,474.27

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