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Description

Fully Let Residential and Commercial Development on Auction - Cape Town

Amstel Terraces consists of 82 Residential Units and 2 Commercial units situated in a single non-sectionalised development in Maitland, Cape Town.

The complex is located along several transport networks connecting the Cape Town city bowl to the rest of the city. Most importantly, the metro line running through the suburb, as well as the M5 and N1 (situated to the west and north of the suburb respectively).

The complex is a gated community that is safe, secure and conveniently close to the major traffic routes leading into the Cape Town CBD and surrounding suburbs. It allows for easy access to places of work, shopping, hospitals as well as the many schools and sporting facilities in the vicinity.

Property Information

Address: 2 Amstel Road, Maitland, Cape Town

Zoning: General Business 2

GLA: 3 614m2

Net Income: R4 975 304

Market Value: R55 000 000

Yield: 9%

 

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