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LENASIA CBD PRIME COMMERCIAL PROPERTY FOR SALE
R 10,000,000
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7 months ago69 views
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General Details
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Description
Prime commercial property in the heart of the Lenasia CBD FOR SALE. On the corner of Gemsbok and Rose Avenue. Property fully tenanted with 10 shops. Secure leases in place. Escalation of rental of 10% per annum. Current monthly rental income of . R108 060.00. A yield of 12.6% gross. Potential expansion with a foundation for a second floor. A great investment for a discerning buyer.
Commercial property
Heart of the CBD
10 shops
Rental income R108 060.00 per month
Gross yield 12.6%
Foundation for construction of an additional floor
Property Reference #: 463
Agent Details:
Ebrahim Saloojee
Ebrahim Saloojee Properties
170 Rose Avenue, Extension 3, Lenasia, Gauteng
Johannesburg
Commercial property
Heart of the CBD
10 shops
Rental income R108 060.00 per month
Gross yield 12.6%
Foundation for construction of an additional floor
Property Reference #: 463
Agent Details:
Ebrahim Saloojee
Ebrahim Saloojee Properties
170 Rose Avenue, Extension 3, Lenasia, Gauteng
Johannesburg
Id Subtitle 1242054922
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Estimated monthly repaymentR 108,371
Total property loan amountR 10,000,000
Total interestR 16,008,970
Total repaymentR 26,008,970
Interest rate at 11.75% for 20 years *
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Ebrahim Saloojee Properties
Selling for 7+ years
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