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R47,886,000

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Monthly Levy
R43,965 Excl. VAT

Retail space | No load-shedding | Heavy foot flow

Amazing retail space on the corner of Burg and Castle Street in the City Centre. The space is sold on a sectional title basis, and includes floor to ceiling glass frontage on two corners - Strand and Burg, and Burg and Castle. The streets that surround the retail space receive a tremendous amount of foot traffic particularly on Strand Street, but also coming across Burg Street. The foot traffic emanates from Cape Town Station , and the myCiti Adderley bus stop. Ideal for fast food. The Pinnacle is on the hospital grid and to date has not suffered load shedding. Easy access for client coming in from the Southern or Northern Suburbs via the N1 / N2 / M3. On site parking with overflow parking at the nearby Felix parkade.

The current tenant profile includes Spur , Debonairs, and Afro Cafe among others. Currently showing a net yield of over 9%. The space receives 3 phase electricity. Offering fibre Internet, backup power and water supply, air conditioning, 24-hour security and access Control with offsite CCTV monitoring.

Features

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0
Title:
Sectional
Building Name:
The Pinnacle
Zoning:
Retail
Exterior
Security
No
Sizes
Floor Size
2,061m²
Land Size
2,061m²
 
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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

680,122.27

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