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Investment Centre in Prime Location
R 12,500,000
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1 year ago159 views
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Description
This commercial property is every investors dream.
With 42 shops being 95% occupied by long term tenants the rental income is stable. It has a GLA of approximately 3400m2 and is based on 4 stands totaling to 4284m2.Most of the shops have their own bathrooms and there is two communal bathrooms outside.
The centre has been well managed and maintained by the owner himself throughout the years. The selling price excludes VAT. The seller is VAT registered therefore a Zero-Rated transaction is possible subject to SARS approval.
This property is close to the N12, Lakeside Mall and other major amenities.
Only serious buyers.
Contact us for more infomation.
Property Reference #: CL24
Agent Details:
Chanel Johnsen
Diamante Real Estate
Shop 3C Cocoa Bean Centre
Northmead
Benoni
1501
With 42 shops being 95% occupied by long term tenants the rental income is stable. It has a GLA of approximately 3400m2 and is based on 4 stands totaling to 4284m2.Most of the shops have their own bathrooms and there is two communal bathrooms outside.
The centre has been well managed and maintained by the owner himself throughout the years. The selling price excludes VAT. The seller is VAT registered therefore a Zero-Rated transaction is possible subject to SARS approval.
This property is close to the N12, Lakeside Mall and other major amenities.
Only serious buyers.
Contact us for more infomation.
Property Reference #: CL24
Agent Details:
Chanel Johnsen
Diamante Real Estate
Shop 3C Cocoa Bean Centre
Northmead
Benoni
1501
Id Subtitle 1103791240
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Estimated monthly repaymentR 135,464
Total property loan amountR 12,500,000
Total interestR 20,011,212
Total repaymentR 32,511,212
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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Diamante Real Estate
Selling for 2+ years
Total Ads55
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