Property features

R17 520 000

Property Details

Located in on Ferreria Street, this secure office property offers a well-maintained property, featuring a good return on investment, in a desired area of Nelspruit’ extended business district. Property features 27 shaded parking bays, plus 3 tandem parking bays. Further to that, the property is disability friendly. With a central location, in a desired area, these office modules are in good demand. The property is fenced with controlled access. The property features 8 office modules, ranging from 150 Sqm to 300 Sqm. Currently 7 of the 8 units are tenanted on long term leases. This further means that the property transfer will be zero-rated, and no Vat will be charged on the purchase price. Further details to follow; At a purchase price of R17?520 000.00, this translates to a 10.5% initial return on investment. The property has recently under-gone a full exterior renovation which was completed in June. This includes brand-new shade netting Operations cost, levies, rates and utilities are recovered through the tenants. A tenant schedule/rent roll is available to serious buyers. Zoning certificate, Municipal statement and plans are available upon request. Building financials available upon request. Valuation document available upon request. For any queries or request, Please give me a call.