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R58,000,000

8 Edison Way

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Versatile GB3 opportunity in Century City - would suit redevelopment!

Discover a versatile opportunity for building or redevelopment now available for sale in the heart of Century City. Boasting a prime location amidst a vibrant mix of corporates frequenting the Conference centre and hotels, this property presents an ideal setting for catering to the needs of business travelers seeking privacy through Air BnB accommodations. Embrace the trend of micro-apartments sweeping the globe by converting the existing ground floor kitchen and courtyard into a communal restaurant facility, complemented by micro-apartments above. With GB3 Zoning permitting a wide array of uses including business premises, dwelling houses, boarding houses, hotels, and more, this property offers boundless potential.

Featuring a generous GLA of approximately 2600m2 and an extent of 5422m2, seize this opportunity for a lucrative investment. Priced competitively at R58 million excluding VAT, don't miss out on this chance to transform your vision into reality. Please contact Annie for more details or to arrange for a site visit.

Features

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0
Zoning:
Commercial
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
2,600m²
Land Size
5,422m²

Century City, Milnerton

Century city is located 10km from central Cape town on the N1, neighboured by the suburbs of Milnerton and Montague Gardens, which makes this a very popular prime area for Commercial offices. The area features popular hotels, conference facilities, coffee shops, canteens, and convenient stores, all within walking distance from business parks. Public transport services, including Myciti and Golden Arrow buses,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Vermaak Properties website is accurate and up to date, Vermaak Properties 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

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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:

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MONTHLY REPAYMENTS

 

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Monthly Payment

807,179.89

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