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840 sq. meter Retail in Faerie Glen For Sale
R 16,080,000
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General Details
Location:
Size (sqm):1806
Description
*****EXCLUSIVE MANDATE*****
SMART INVESTMENT OPPORTUNITY UP FOR GRABS!
Are you a seasoned property Investor looking to expand your portfolio, or a budding/established developer looking for the next challenge!
Here is an opportunity offering both an existing and reliable income, with the additional potential for long-term growth.
Introducing four properties, currently offering multi-tenant buildings, situated 300m from a brand new Shopping Centre, on a bustling main road.
With an accumulated rental income of R102 000 per month, you will be able to generate a steady cash flow, whilst enjoying the benefits of property ownership, in a truly unbeatable location!
Simply steps away from all the shopping, dining, and entertainment options in the area, your investment is secured to show a constant and exceptional return.
The 5 stands cover a total of approximately 2030 square meters with plus minus 200 - 220 square meter under roof on each.
Business 4 Zoning, and the consolidation of all five properties, is in its final stages.
Contact me directly for further details on the planned and possible potential this investment can bring, but please note that in order to not unnecessarily disrupt the current Tenants' daily trading, we will be required to vet potential buyers.
Rates And Taxes: 5700
Property Reference #: ENT0248977
Agent Details:
Pina Neumann dellErba
KW Pr1me
64 Glenwood Road, Lynnwood Glen, Pretoria, Gauteng, 0081
SMART INVESTMENT OPPORTUNITY UP FOR GRABS!
Are you a seasoned property Investor looking to expand your portfolio, or a budding/established developer looking for the next challenge!
Here is an opportunity offering both an existing and reliable income, with the additional potential for long-term growth.
Introducing four properties, currently offering multi-tenant buildings, situated 300m from a brand new Shopping Centre, on a bustling main road.
With an accumulated rental income of R102 000 per month, you will be able to generate a steady cash flow, whilst enjoying the benefits of property ownership, in a truly unbeatable location!
Simply steps away from all the shopping, dining, and entertainment options in the area, your investment is secured to show a constant and exceptional return.
The 5 stands cover a total of approximately 2030 square meters with plus minus 200 - 220 square meter under roof on each.
Business 4 Zoning, and the consolidation of all five properties, is in its final stages.
Contact me directly for further details on the planned and possible potential this investment can bring, but please note that in order to not unnecessarily disrupt the current Tenants' daily trading, we will be required to vet potential buyers.
Rates And Taxes: 5700
Property Reference #: ENT0248977
Agent Details:
Pina Neumann dellErba
KW Pr1me
64 Glenwood Road, Lynnwood Glen, Pretoria, Gauteng, 0081
Id Subtitle 1286177836
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Estimated monthly repaymentR 174,261
Total property loan amountR 16,080,000
Total interestR 25,742,423
Total repaymentR 41,822,423
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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KW Pr1me
Selling for 2+ years
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