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R40,000,000

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Fantastic Development Opportunity In Green Point

Currently operating as the Sleep Easy Hotel, this commercial property boasts 39 en-suite bedrooms.

11 parkings

1300m2 under roof

ERF size is 938m2

The front half of the property is zoned GR5 and the rear half is zoned GR4.

Maximum permissible height is 35 metres (around 10-11 floors) offering virtually unlimited potential.

This property has loads of potential as it could be converted into micro apartments, Airbnb or a boutique style hotel.

For more information and to arrange a viewing please contact me .

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,300m²

Green Point, Cape Town

As you travel along the streets of Green Point, you'll quickly realise why the area has earned its nickname as the "Soho of Cape Town". This upmarket and vibrant neighbourhood pulses with trendy restaurants, cafés, delis, boutiques, shops, and nightclubs. Located to the northwest of the central business district, it is also an area booming with industry. Since the 2010 FIFA World Cup, Green Point has seen...
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Get your running shoes on for Green Point's weekly parkrun
As the sun rises over Green Point's lush landscapes, runners from all walks of life gather to head out on a shared adventure - the local parkrun. The weekly five-kilometre event unites the community for walking, jogging, running,...
Published 12 Jul 2023
 
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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 Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS
 

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Monthly Payment

R 

562,381.78

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