Incredible Investment / Development Site - Ca
POA
Cape Metropolis, Western Cape
Property Information
| CODE : | PP6783 |
| Asking Price : | POA |
| Ownership : | Freehold |
Description
This prime development opportunity is located in Lansdowne, Cape Town. The property comprises of four erven and is situated on a combined extent of 10 254 m2. The property is improved with multiple buildings, with a total Gross Lettable Area of ± 5 315 m2 (excluding the two residential dwellings). Both the Commercial and Residential properties will be sold together at the same time as One lot.
The premises are let and bring in a Gross annual income of around R5.1m per annum (R 425 000.00 per month).
The property is located in a high traffic , high visibility node and already interest has been shown by major retailers for a re-development of the site. The property will be sold on auction on the 14 October 2020.
The seller is a VAT Vendor so the option to Zero rate exists.
Please contact Yianni for more information.
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
