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Alton, Richards Bay, KwaZulu-Natal
ID 1480794

0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
0 Bedroom Property for Sale in Alton KwaZulu-Natal
R 5 700 000

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0

460m2

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460m2

Property features

  • R 5 700 000
  • 0 Bedrooms
  • 0.0 Bathrooms
  • 0 Living Room/s
  • Garage for 0  car/s

Property Details

The long standing tenant has a lease until November 2027 and the rental income is R46900 + R4812 for the Levy + R6051 for the rates which the owner recovers from the tenant. The return on your investment is ±R10.5% and will grow into ±11.5% in the next year. The tenant is quite certain that it will renew its lease for a further 5 years. The building is well managed and easy to maintain due to is face-brick and cement tiled roof.
Reception
Multiple Lab Rooms
Workshop
Roller Doors

RICHLEN PROPERTY SERVICES

0357511972
[email protected]
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