920 m² Commercial space in Silverton
R 7 000 000
In Jasmyn street, next to Silverton Primary school and 400 meters from 2 shopping malls and banks, these 2 adjoining large properties are being sold together. The properties are generating the sufficient rental income for the investors and the joint size of the stands will make it feasible for the development of a medium to high density residential block, or possibly for retail or for warehousing purposes.
The corner property is zoned for Business 1, the remaining property is zoned for Residential 1
The total size of the 2 stands is 3454 sq. m. ) and these properties will be attractive to:
1. The developer: The cost of the land acquisition will be R 1 544 per sq. m. - this cost and the size of stands will make it feasible to develop a residential, retail or warehouse
2. The investor: The current rental income achieves a Return On Investment (ROI) of 10.6% and can be improved
The financial information will be provided to serious buyers after signing the Confidentiality Agreement.
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