Property features

R3 990 000

Property Details

The building can be used as one company / business or used for different businesses. Perfect for a China mall setup! Perfect budling to start a doctors practice or Attorneys practice or any practice. Braai facilities outside, kitchen & guest bathroom + 2 servants rooms with en-suite bathrooms. Security & also electric fencing with a remote gate and fence around the building. Alarm system. Opposite the building is a busy mall. Allot of parking inside the business complex. Store room, care taker room & Carports available. Call me directly for a viewing appointment. Estimated Monthly Rental Income Unit Size Rent Monthly Rental Tenant Status (m2) (R/m2) 1A 111 R 110 R 12 210 Engravers 1B 103 R 96 R 9 888 Asamoah Hair 2 150 R 80 R 12 000 Vacant office 3A 101 R 90 R 9 090 Vacant office 3B 27 R 105 R 2 835 Lyttelton Barber 3C 49 R 110 R 5 390 Vacant Shop Store room 18 R 1 500 Care taker room 12 R 1 500 Carports 13 R 150 R 1 950 Total 571 R 56 363 Municipal: Rates and Taxes R 6 458 Municipal: Utilities not recovered R 1 000 Insurance R 655 General Maintenance Allowance R 2 800 Armed Response R 135 Gardens and Exterior R 1 000 Total R 12 048 Selling Price Calculation Gross Income per year R 676 356 Operating Expenses per year R 144 581 Net Income per month R 44 315 Net Income per year R 531 775 R 531 775 Selling price calculation at return of: 13% R 4 090 577 Servants Quarters: Yes (two separate rooms with kitchenette Transfer Costs: Transfer Duty Patio: Yes