Property features

R31 725 000
Rates R33000 pm

Property Details

Excellent investment- buying it as a going concern. No VAT or transfer duties, if you buy it via a VAT registered entity. Now fully rented out. Building was recently painted Northeast Pretoria is on the radar by developers and investors. Abland is busy with a motor dealer development of R 250 million close to this property. I counted 8 new sectional title developments , of high quality, in Montana area only . A surplus of R 295 000.00 pm after all deductions, with all 40 offices now rented out. Having a variety of smaller tenants, lower you risk substantially. All services are contracted out, with only 2 persons employed. Even during lockdown, the owners had no disruptions with rental income. Summary of the property: Building floor size: 2244 sqm, consisting out of two identical blocks Stand size: 6358 sqm. Each building has 2 floors, with ladies and menâ??s toilets on each floor. Parking bays covered: 72. Open parking: 89. Air-conditioning/split wall units: 89. Water tank per block is 5000 l, totaling10 000 liters. Standby generator of 80 Kva The building is in an excellent condition. It is managed by Dave, who basically keeps the ship on course on multiple levels, on behalf of the 3 directors. I can recommend him.