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SOLE/EXC MANDATE- 2488m2 GLA- 4 LONG TERM TENANTS- SOLID INVESTMENT OPPORTUNITY
R 15,500,000
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General Details
Location:
Description
We have a fantastic opportunity, for savvy investors, in which is arguably one of the best industrial nodes in Paarden E. High demand/low vacancy.
This 2488m2 building, with front/side access, is home to 4 long term tenants (hard to relocate), all with renewable/negotiable, leases. Currently at well below market.
Features of this building are:
- High Power (600amps- upgradable- sub station on erf).
- New aluminium windows, throughout.
- New Paint (exterior).
- Multi tenant building.
- Fibre to street/building.
- Ample front parking/street parking.
- Front roller shutter access/side access
- new DB Boards/meters (water/power)
- Selling at below R6300pm2!
- Well below market current rentals, with all leases renegotiable with new owner.
This opportunity will suite any investor with good area knowledge understanding of the upside of this building.
Serious investors please contact Jack Bass for information/site inspection.
Rates And Taxes: 12772
Property Reference #: 406
Agent Details:
Jack Bass
Jack Bass Commercial Real Estate
5 Sunrise Circle, Ndabeni, Cape Town, 7405
This 2488m2 building, with front/side access, is home to 4 long term tenants (hard to relocate), all with renewable/negotiable, leases. Currently at well below market.
Features of this building are:
- High Power (600amps- upgradable- sub station on erf).
- New aluminium windows, throughout.
- New Paint (exterior).
- Multi tenant building.
- Fibre to street/building.
- Ample front parking/street parking.
- Front roller shutter access/side access
- new DB Boards/meters (water/power)
- Selling at below R6300pm2!
- Well below market current rentals, with all leases renegotiable with new owner.
This opportunity will suite any investor with good area knowledge understanding of the upside of this building.
Serious investors please contact Jack Bass for information/site inspection.
Rates And Taxes: 12772
Property Reference #: 406
Agent Details:
Jack Bass
Jack Bass Commercial Real Estate
5 Sunrise Circle, Ndabeni, Cape Town, 7405
Id Subtitle 1267894070
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Estimated monthly repaymentR 167,975
Total property loan amountR 15,500,000
Total interestR 24,813,903
Total repaymentR 40,313,903
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Jack Bass Commercial Real Estate
Selling for 9+ months
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