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20 % cap rate investment

R 15,000,000

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3 months ago84 views
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General Details
For Sale By:Agency
Parking:Off street
Description
20% CAP RATE INVESTMENT!
Price R 15 000 000
Josh 078 888 9534 or josh@claremart.com
Ryan 0826914915 or ryan@claremart.com
This prime industrial property is situated in the heart and ever so popular Germiston Industrial area with easy access to all major motorways in the area. South Germiston includes older industrial nodes and comprises of various light to heavy industrial use facilities.
The surrounding neighborhood comprises similar and older industrial facilities. This is a typical industrial township with a mixture of old and more modern industrial facilities. Some national tenants were noted in the area which include large tenants such as Mac Steel, Scaw Metals and Johnson Mattey. The node is centrally located in the East Rand and is easily accessed via a number of main and secondary access roads.
• 47 Units
• 46 Units are fully let
• 1 Vacant unit - potential rent - ±R2,800.00 pm
• Male and female toilets for tenants
• Tenants pay for water & electricity
• Income - R3,496,200.00 pa (excl Vat)
• Expenses - R966,000.00 pa (excl Vat)
• Nett income - R2,530,200.00 pa (excl Vat)
• Cap rate - 20%
• Full rent roll available to serious buyers.
• VAT Entity - Can zero rate the transaction
P.S. Not quite right? Not a problem. I have plenty of private stock that might work for you - Call me to learn more.
Id Subtitle 1288816324
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Estimated monthly repaymentR 162,557
Total property loan amountR 15,000,000
Total interestR 24,013,455
Total repaymentR 39,013,455
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