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PRIME SPACE IN HARRINGTON STREET

Offers From: R 28,000,000 including VAT Asking Price: R 35,000,000 including VAT

ZONING - MIXED USE 3 (max height above base 38m; 100% coverage)
ERF SIZE 1,384 sqm

The Eastern precinct of the City Centre has undergone incredible rejuvenation over the past decade, with redevelopment ramping up over the last 2 years. Numerous creative studios, coffee patisseries, and tech offices have set up shop in Harrington Street. If you haven't walked this part of the city recently, you will be blown away by the buzz!

Now, we have the privilege of bringing to market, one of the largest sites in Harrington Street! This versatile, north-west facing, MIXED USE 3 (MU3) site of 1,384 sqm sits on the corner of Harrington and Longmarket Streets, just above the Castle of Good Hope.

The site is comprised of 4 sections:

1. Two-storey building (Harrington) Footprint +/-300sqm - currently being used as offices with drywall partitioning; suspended wooden flooring and 3m high ceilings on the 1st floor
2. Three-storey Edwardian building Footprint +/-100sqm- currently a tavern
3. Two-storey building (Longmarket) Footprint +/-200sqm- currently parking (ground floor) and part of the tavern (1st floor)
4. Two-storey steel structure Footprint +/-300sqm - parking and storerooms on the ground floor, and offices on the first floor

We are in possession of the building plans, and are currently putting various development options together - to suit a range of investment appetites.

Contact today to arrange a private viewing.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,500m²
Land Size
1,384m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Alexo Property Brokers website is accurate and up to date, Alexo Property Brokers 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

370,022.06

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