Property Details

1,220m² Building For Sale in Hopetown Auction by Tender. Tender closed 25 October 2022. If acceptable tender come in earlier, tenders can closed earlier!!!!! Guideline price for tenders R3.5 million. Hopetown Commercial building return on investment property Urgent sale!! The building is registered in a bk's name, namely LBL Systems bk. The buyer then just takes over the bk and I don't have to pay any capital gain and it will apply again to the buyer if he wants to sell again one day The rental income as indicated includes electric bill and VAT and the average bill I pay to municipality every month amounts to R10000 pm. Every year oct the rental income escalates There is only one lease for absa bank and it only expires in September 2023 The engineering works have been renting their premises for more than 12 years and the funerals place for about 8 years The apartments change tenants every now and then but never struggle to keep them up Monthly income plus minus R58 976