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R14,000,000

Commercial Distinction With Maximum Exposure

A distinctive opportunity presents the market with an alluring opportunity. 118 New Church Street has more to offer than a conventional commercial space can. Zoned general business with consent for offices, low-traffic generating retail, and residential uses.

The property presents a facade that echoes architectural prowess from a time long past. Meticulously maintained to preserve what most would consider to be a built piece of art. The ground floor presents a reception area and space for a showroom/shop space. There are also two smaller studio spaces, a store room, a kitchenette, and two cloak rooms offered. The first floor provides space for 3 offices (which can be used as 3 bedrooms), a kitchen, a bathroom (with basins and a shower), a store room, and a balcony.

Buy as a multi-faceted investment generating commercial and residential rental income, or for your own use.

*The purchase price advertised is exclusive of VAT.

Tamboerskloof is a charming and historic neighborhood located in Cape Town, South Africa. Nestled on the slopes of Lion's Head and Signal Hill, Tamboerskloof offers stunning views of the city, Table Mountain, and the Atlantic Ocean. This residential area is known for its Victorian and Edwardian-style homes, tree-lined streets, and a vibrant community atmosphere. Its proximity to the city center makes it a highly desirable location for both locals and expatriates.
Architectural Charm
The architecture in Tamboerskloof is a blend of old and new, with many well-preserved Victorian and Edwardian houses alongside modern apartments and contemporary homes. This eclectic mix gives the area a unique character and appeals to a wide range of residents, from young professionals to families and retirees.

Community and Lifestyle
Tamboerskloof is known for its friendly and active community. The neighborhood is often bustling with activity, and residents enjoy a high quality of life with access to numerous amenities and outdoor spaces. The area is pedestrian-friendly, making it easy for residents to walk to nearby shops, cafes, and parks.

Nearby Amenities
Parks and Recreation:

De Waal Park: A large public park perfect for picnics, walking dogs, and enjoying outdoor concerts.
Lion’s Head and Signal Hill: Popular spots for hiking and paragliding, offering panoramic views of Cape Town and the surrounding coastline.
Shopping and Dining:

Kloof Street: Just a short walk away, Kloof Street is lined with trendy cafes, restaurants, boutiques, and specialty stores. It's a culinary hotspot with a variety of dining options ranging from casual eateries to fine dining establishments.
Gardens Shopping Centre: A convenient shopping mall with a selection of grocery stores, fashion retailers, and other essential services.
Education:

Schools: The area is home to several well-regarded schools, including Jan van Riebeeck Primary and High School, which offers both primary and secondary education.
Tertiary Institutions: The University of Cape Town, one of Africa's leading universities, is just a short drive away.
Health and Wellness:

Healthcare Facilities: Residents have access to top-notch healthcare facilities, including Mediclinic Cape Town and the Cape Town Medicross Medical Centre.
Gyms and Wellness Centers: Several fitness centers and wellness studios offer a range of activities from yoga and pilates to high-intensity training.
Cultural and Historical Attractions:

Iziko South African Museum and Planetarium: Located nearby in the Company’s Garden, this museum offers fascinating exhibits on natural history and cultural heritage.
Cape Town City Centre: A short drive or walk away, the city center offers numerous cultural attractions, including the historic Company’s Garden, the District Six Museum, and the vibrant Long Street with its eclectic mix of bars, clubs, and shops.
Transport and Connectivity
Tamboerskloof is well-connected by public transport, with easy access to MyCiTi bus routes that link the neighborhood to other parts of Cape Town. The central location also makes it convenient for residents to reach major highways and the Cape Town International Airport.

Conclusion
Tamboerskloof is a picturesque and vibrant neighborhood that offers a perfect blend of historical charm and modern amenities. Its strategic location, stunning views, and welcoming community make it an ideal place to live for those seeking a dynamic yet relaxed lifestyle in Cape Town. Whether you're looking to explore the natural beauty of the nearby mountains or enjoy the cultural richness of the city, Tamboerskloof provides an exceptional living experience.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
338m²

Gardens, Cape Town

Gardens is an inner-city suburb of Cape Town located just to the south of the city centre located in the higher elevations of the "City Bowl" and directly beneath Table Mountain and Lion's Head. It is populated mostly by young professionals and contains numerous chic restaurants, hotels, boutique shops and loft apartments. The suburb is also a hub for the Cape Town creative industry, and is also home to the...
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The Current State and Future of Cape Town's Property Market
The property market in Cape Town, dynamic and responsive, is showing signs of significant movement due to the possibility of declining interest rates. This potential shift is something Ross Levin, Licensee of Seeff Atlantic...
 
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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

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

198,841.24

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