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R13,750,000

377 Lower Main Road

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386m² Business For Sale in None Salt River

COMMERCIAL PROPERTY FOR SALE / STUDENT ACCOMMODATION / SALT RIVER

GREAT INVESTMENT!!!

Salt River is a suburb of Cape Town, located near Table Bay, to the east of Cape Town's central business district. Salt River is served by a railway station of the same name, and has the postcode 7925. It is noted for its association with the clothing and textiles industry. The name Salt River is a translation of the Dutch "Soutrivier".

Once a booming part of Cape Town because of its close proximity to the CBD, Salt River was the industrial heart of Cape Town.

In the Lower Main Road there have always been many shops, department stores and well known chain stores. Because of this self-containment, residents of Salt River rarely found the need to venture too far from home. The suburb has been pegged for revival as part of a R20bn urban renewal initiative across Cape Town.

Salt River is named after a river of the same name. The Salt River is formed by the confluence of the Liesbeek and Black Rivers. The river has been canalised and flows into Table Bay between Paarden Eiland and Brooklyn.

This prime location offers comfortable, affordable accommodation that is ideally located close to the public transport network (walking distance to the train station and taxis), shops and restaurants.

377 Lower Main Road is a 3-storey student residence with 42 bedrooms. Every bedroom has its own en-suite bathroom. The building also has 3 fully equipped kitchens and 2 large living areas.

Services:

All communal areas and the outside of the building are monitored by CCTV cameras
Live-in caretaker for after-hours emergencies
Satellite TV
On-site laundry
Daily cleaning (Mon – Fri) of communal areas
Staff available at reception, Mon - Fri
Fumigation services
Private security 24/7
Tenants enter using biometric system/facial recognition.

Easy Access to the following Institutions:

Cape Audio College
Capsicum Culinary Studio
College of Cape Town / Woodstock Campus
EDUVOS
bhc School of Design
AFDA
SA Maritime School & Transport College
The International Hotel School
Cape Town Creative Academy
Red & Yellow / Creative School of Business
TSIBA
Black River Park

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
386m²
Land Size
386m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt Cape Town Atlantic Seaboard & City Bowl website is accurate and up to date, Chas Everitt Cape Town Atlantic Seaboard & City Bowl 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 Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

189,406.27

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