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

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.