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R 4 900 000

Commercial Property for Sale in Maitland

11a Spencer Street, Maitland, Cape Town

330 m²

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Versatile corner income producing property for sale in Maitland

* Sole Mandate *

This lovely property is located on the corner of Spencer Street and Coronation Road and offers an ERF size of 1054 sqm. This property offers a savvy investor the ability to invest in a versatile site with an income producing residential rental component along with an open yard component which provides the perfect opportunity to unlock huge potential.

The site currently has 8 full bedrooms along with 2 kitchens + ample toilets + a large double garage (easily converted into rooms) + a large yard of +- 370 sqm. This yard can be developed into residential spaces or simply rented out in its current form to a tenant. There is also a substantial front garden area which could be used as secure off street parking for tenants with quick alterations. The site as a whole also offers great development possibilities down the line with the zoning of GR4 thus...

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Property Overview

Listing Number

114111072

Type of Property

Commercial Property

Street Address

11a Spencer street, Maitland

Listing Date

08 March 2024

Gross Price

R 4 900 000

Net Price

R 4 900 000

Availability Date

25 July 2024

Erf Size

1 054 m²

Floor Size

1054 m²

Zoning

General Residential

Facilities

Bathrooms

Kitchens

External Features

Parking

Building

Gross Lettable Area

330 m²

Other Features

Security

Temperature Control

Nearby Public Transport

Bus, Train, Minibus Taxi

Internet Access

ADSL, Satellite

Wheelchair Accessible

Yes

Generator

Backup Water

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.