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R6,050,000

Heritage Development Opportunity Not to be Missed - Sole Mandate

This marvelous property boast more than 12 meters of frontage onto the main road of Paarl.

The true beauty however lies in the potential of this site as it is zoned Mixed Use with a height restriction of 20m and a floor factor of 3 or more.

The site is currently occupied by Slug & Lettuce who have a lease until the end of January 2021. The 4.75% yield generated during this time will allow time to purchase the property and have plans drawn up and approved.

The building is graded 3B, with regards to it's heritage, by the Drakenstein Municipality and so should be incorporated into a redevelopment, which a skilled architect will have the vision to do.

Paarl main road is a wonderful location for quaint retail space, refined offices or private health practices paying tribute to the heritage of this beautiful town in the winelands.

This stretch is scattered with examples of this such as Frater Square, Sixty 3 and Paarl Family Health.

The site is nestled amongst restaurants and galleries boasting the character of the Boland.

This is all attributed to the influx of people into the winelands which has caused a demand for new offices, small retail and boutique centers to keep up with the demand for a bespoke lifestyle they seek.

Call me so we can discuss the wonderful possibilities of this property.

Features

0
0
Title:
Freehold
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
378m²
Land Size
1,237m²
 
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

80,791.10

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