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R12,000,000

RESIDENTIAL CONVERSION OPPORTUNITY

This upmarket office block has just been rezoned for residential conversion is situated in the heart Randburg on Kent avenue. The property has recently been renovated and can potentially be utilised for a number of purposes such as office accommodation, investment opportunity or a residential conversion. The property measures 4371m2 and is set on a stand measuring 4015m2.The property consists of 5 floors and an additional basement area.There is ample space for additional uncovered parking.In its current form it's been utilized as a call centre however the configuration of the floor plates may make this property an ideal candidate for a residential conversion. The process to convert this asset to residential 4 rights is well underway and should be complete before the end of the year (2022). The new zoning rights would allow an additional 3 stories and -+ 2400m2 of additional bulk.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
4,372m²
Extras
- Ample underground parking \  • - Identical floorplates  • - Elevator  • - Security control room
 
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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

167,002.74

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