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R17,950,000

Mixed Use Development Opportunity in UDZ

Mixed-Use Low cost housing/Student Accommodation development opportunity in the Urban Development Zone!

The site is perfectly located on Voortrekker Road on the border of Kensington and Maitland.

Maitland is situated along a number of important transport networks connecting the Cape Town City Centre to the rest of the city. The most important being Voortrekker Road, the railway line that runs through the middle of the suburb and the N1 that is situated on its northern boundary. The area has always been an important transport hub for the city.

Voortrekker Road has been identified by the Western Cape Government as a spatial 'Integration Zone' ideal for affordable housing - the corridor is also referred to as the 'urban core' of Cape Town, supporting 183,000 jobs in close proximity to industrial, logistical and service nodes.

Furthermore this site falls within the Urban Development Zone (UDZ) for Cape Town providing significant tax incentive for residential and commercial development.

The development parameters are as follows:
* Floor factor (bulk): 4
* Maximum height above base level: 25 m
* Coverage: 100%
* Setbacks: 0,0m up to a height of 10 m and 4,5 above 10 m.
* Parking: Parking may be provided on the ground floor within
10m of the road reserves.

Please contact for more information.

 
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Disclaimer: While every effort will be made to ensure that the information contained within the Spire website is accurate and up to date, Spire 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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

239,702.51

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