KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

WEBREF: 2693

PRIME COMMERCIAL SITE

5 Barrow Street, Monte Vista

Property Description

SOLD FOR R 4 125 500

DECEASED ESTATE

PROPERTY DESCRIPTION:

Solidly built commercial building with huge redevelopment potential and rental potential of ± R47,313 p.m. (± R567,756 p.a.):

Downstairs:

  • ± 250m2 space divided into 4 units
  • One is let out
  • 2 toilets
  • Can be used for retail or offices
  • Possible rentals R8813 (tenanted), R4500, R4500 and R4500 p.m.
  • Total potential rental ± R22,313 p.m.

Upstairs:

 ± 160m2 5 to 6 rooms, large kitchen, bathroom facilities

  • Can be used as 1 unit or can be converted into 3/4 residential apartments and a very large balcony possible
  • Potential rental R25,000 p.m.

PROPERTY DETAILS:

  • Erf 440, Goodwood
  • Rates p.a. ± R49,496
  • Insruance p.a. ± R9,101
  • Zoning:  General Business 2

Auction Venue

AUCTION VENUE

THE ONE & ONLY HOTEL, V&A WATERFRONT, CAPE TOWN

AUCTION TIME

30/10/2018

12h30

Property Location

Property Info

5 Barrow Street, Monte Vista

CONTACT AGENT

Shameer Abbass

065 846 9770

ENQUIRE NOW

ON SHOW DATES

Wednesday 24 October 2018, 12 - 2 pm