Property features

R108 400 000
Rates R188314 pm
Security Estate

Property Details

This highly visible Truck and Car Centre has exposure from Hendrik Potgieter Road in Roodepoort, Johannesburg and comprises of 3 commercial property spaces, including one Truck Dealership and two Motor Dealerships. The Truck Dealership is leasing 6 290m2 and a Car Dealership is leasing 5 305m2. Another Car Dealership space is currently vacant and measures 3 621m2. This Investment Property is ideal for a Car Dealership Company wanting to expand their operation and occupy the vacant space measuring 3 621m2, as well as to enjoy the rental income from the Truck Dealership and Car Dealership, currently leasing 11 595m2. Other property features include offices, new and used vehicle showrooms, warehouses, workshops, motor spares, wash bays, customer parking, staff ablutions kitchens and canteen. INVESTMENT SUMMARY; - Tenanted Space: 11 595m2 - Vacant Space: 3 621m2 - Zoning: Business 1 and Business - Asking Price: R108 400 000 - Current Yield: 8.50% - Potential Yield: 11.20% The property is currently generating a rental income of over R15 000 000 per annum. Please contact us for more detailed information about this investment.