overview
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On Auction (Standalone)
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On auction

Development Opportunity

Commercial
I

Property Information:

The development opportunity, which comprises of 32 residential units and a commercial space, is presented at a 22% net yield which presents a 77% cash yield.

It is situated in the vibrant Woodstock precinct surrounded by developments such as WEX 1 and Woodstock Exchange.

The development for sale includes approved heritage plans (not building plans) and the support of the Western Cape Heritage Chamber.

 

Locality:

The development is situated on the consolidated Erf 178928,Cape Town otherwise known as 76 Albert Road, Woodstock, Cape Town.

The site is in close proximity to public transport, railways, MyCiti Bus transport and has excellent access to all major routes within the Cape Town Metro.

Travelling time to the Cape Town CBD is within 2.4km or 5 minutes travel. This is a major instigating fact in terms of the revival of this area currently. Development opportunities within the CBD are being outpriced and scarce in general. The vibrant metropolitan culture and the influx of A grade commercial and retail spaces supporting the demographics of the area is a major growth stimulus.

All photos are artist's impressions.

asking Price
POA

Commercial

On Auction (Standalone)

On Auction (Standalone)

Bedrooms

Bathrooms

Parking Spaces

400.0

m² 

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Property Location

Location of the property.

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We are ready to answer all your questions

DIRECTOR
Christian Stewart

082 375 0320

christian@stewartprop.co.za

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DIRECTOR
Ivo Nestel

083 564 1173

ivo@stewartprop.co.za