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WELL KEPT COMMERCIAL PROPERTY WITH LONG TERM TENANTS!
R 5,500,000
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1 year ago396 views
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Description
Immaculate commercial property in North End East London! The property generates two rental incomes at present (3 year leases) or it can be used as an owner occupied property with additional rental income. The property is located in a cul-de-sac and has exposure to the busy North West Express Way. There are two well-kept buildings on the property and there are under cover parking for 5 vehicles within a secure yard. There is plenty of street parking in front of the buildings in the cull-de-sac. The front building has an open plan reception / receiving area (with entrance and roll up door), office and small store room. It is ideal for a retail trading business or warehouse (168sqm). The back building of 598sqm, has two stories. At the bottom there is a 300 sqm warehouse with a staff change room/toilet/shower, a reception with seating, large office, kitchen and separate toilets. On the first floor there are 4 offices, boardroom and a toilet. At the back of the building is a car wash and storage space. Vehicle access from the front and back of the building. The property is secured with boundary walls, an access gate, alarm system and CCTV.
Property Reference #: ELO-CS00028
Agent Details:
Andre Goosen
Century21
84 Vincent Road Vincent East London 5247
Property Reference #: ELO-CS00028
Agent Details:
Andre Goosen
Century21
84 Vincent Road Vincent East London 5247
Id Subtitle 1128773053
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Estimated monthly repaymentR 59,604
Total property loan amountR 5,500,000
Total interestR 8,804,934
Total repaymentR 14,304,934
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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Century21
Selling for 3+ years
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