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Cape Town ZA
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SALE PRICE
Original price: USD 495342.68
The prices shown here are based on exchange rates. The exchange rates are based on various public sources, are for information purposes only and are not considered correct.The actual rates of your bank, credit card company or other institution may vary. Important additional information.
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679 m2
1 floors
900 m2
9 car spaces
This MU3 zoned building has 15 fully rented apartments and two shop units on the ground floor. It is located in the quickly expanding East City Precinct and has a generous nett yield of 10.4%. It is a great chance to buy your first investment property or add to the ones you already have. For each unit, there is a valid lease and a list of people who want to rent that room. As an added bonus for developers, the sellers have gotten a demolition permit based on plans for a 9-story building with 33 apartments and a retail area, in case you decide to go with that choice.This is a unique chance to buy one of the last freestanding buildings in this part of the city at a very reasonable price. It is close to both the M3 and N2 highways, on the MiCiti bus line, and right next to Cape Town City Center.
Available from:
10.04.2024Year of Construction:
2016Type:
Retail
Broker: Jack Bass Commercial Real Estate
8000 Western Cape Cape Town South Africa
This is a property advertisement published and maintained by Jack Bass Commercial Real Estate and does not constitute binding information for this property. Although we require advertisers to provide accurate information, we can only publish these advertisements in good faith and have not verified any claims or statements or inspected the advertised properties, locations or offers. Primemasters does not own or control and is not responsible for the properties, facilities, site content, products or services provided or advertised by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the above. We therefore accept no liability arising from the confidence placed in us by readers or persons to whom such information is made available. You must conduct your own research and seek independent professional advice before making any decision to purchase, rent or invest in property.
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