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R3,445,000

Monthly Rates
R1,154 Excl. VAT

Commercial OR Residential Development opportunity in die CBD

Mixed Use Zone - General Business Zoned Property, with zoning Certificate in place.

Prominent Retail space, in the perfect spot to develop into an excellent income

generating property. It offers endless good business opportunities.

The main building is 440 m² that includes an extension of 133 m² under cover.

The main dwelling currently offers 7+ spacious offices, Reception/s, and more.

If you prefer Residential Development, this is ideal. With quite a lot of Residential use

properties around still, and the ever increasing demand for accommodation in the CBD

within walking distance to town and other amenities, this Historic property lends itself

to be further developed into units for rental purposes. It is vacant and an open canvass!

The space at the back awaits a person with vision to utilize the land to the fullest, build more

units to rent out, and increase your Rental Portfolio. The front portion of the main dwelling

could easily be used as Retail, with a steady monthly income, & the back portion as Residential

units. Further back on the erf is the ±100 m² workshop plus 44 m² double carport.

Ample open parking in front and at the back of the property for at least 12+ vehicles.

15% VAT must be added to the purchase price as the Seller is VAT registered.

PLUS! Consider buying the property next door and do a reasonable size development...



Features

0
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
584m²
Land Size
1,097m²

Paarl Central East, Paarl

Paarl property offers you the convenience of city amenities within 50 minutes of Cape Town International airport, 45 minutes from Cape Town's CBD & 45 minutes from the Strand or Blouberg beaches. Paarl is a town with oak-lined streets and vineyards. Many of the historic buildings currently house art galleries, restaurants, shops, guest houses and hotels. The 12km-long Main Road, the longest in the country, host some...
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In the news

Val de Vie Wine & Polo Estate, Paarl
Val de Vie Wine & Polo Estate (between Paarl and Franschoek) has during 2013 experienced a 42.5% increase in own title transfers (sales) relative to 2012 – 144 own title registrations took place in 2013...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the CCH (Cape Coastal Homes / City Country Homes) website is accurate and up to date, CCH (Cape Coastal Homes / City Country Homes) 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

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Monthly Payment

46,004.19

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