Great building with a key national tenant in place with an existing lease in place and with options to extend for a longer period of time while preparing for a residential development
· Zoned General Business 2 (GB2) provides
for a mixture of business, residential
and appropriate industrial activity.
· Rates and taxes R5690.95. However, the
lease is a self repairing lease where
tenant covers all repairs and
maintenance, operational costs, levies,
rates and taxes.
· Excellent location, safe, high income
· Very convenient parking that is safe
· Versatility and flexibility to new
owner- Passive Landlord, Developer,
Owner/Occupier, Sectional title.
· Heritage Western Cape extension permit
· Ample alternative development space.
The approved development envelope can
include 14 studio/1 bedroom apartments
of 25 SQM each and a retail component
below such as "Roco Mamas". Balconies
are excluded from the 25 SQM.
A departure will be needed to get
sectional title apartments.
· Vat registered
· Shelf company that only owns this
property, THE LANDMARK
Price excludes vat.
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