R 14 735 000 | business property to rent in menlo park

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Property Description


Attention developers Projected profit: R21mil. Zoning feasible for 200 residential units per Ha. High visibility and excellent street frontage in Atterbury Road Average residential sectional title sales price in the area in the last year: R18 742, for units ranging from 74 to 212sqm Complete development valuation / development plan based on market figures available from CH Professional upon request. Summary of projected values: Projected turnover: R87.4 mil. Net development value: R69.86mil Total cost: R32.7mil Developer's profit: R21mil Walking distance from planned BRT station. Near Menlyn and N1 highway ramps. Professional Agents: Chrisjan van Heerden M.Sc. Property Studies B.Com. (Hons) Marketing Christie van Heerden B.Com. (Hons), PPRE Note: Figures are opinions of value, based on market statistics and recent development cost structures. A complete report on the figures is available from the agent. Figures to be verified by potential purchasers.


Property Details

RentalR 14 735 000

Land Size0 m2

Type of PropertyBusiness

Last Updated23 Jul 2019

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Agent

Christie van Heerden

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