Prime Location Investment Opportunity with a Positive ROI.

R 625,000

Can I afford this?
2 years ago306 views
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General Details
Location:
Description
A unique opportunity with a Two Garages, a Restaurant, and an additional Store Space in one of the most sought after positions within the Springs area. The Premises is surrounded by properties that support the market value in both avenues as a thriving Business Sector as the backbone.

Details:
- Stand Size: 993sqm.
- Private Entrances into the Businesses.
- Plastered Boundary Walls.

Main Building:
- Restaurant Area
- Seats Over 30 people
- 1x Bathroom

Secondary Premises:
- Car Storage Building
- Store Room
- Private Use Bathrooms

Tertiary Business Premises:
- Mechanic Workshop
- Private Use Bathroom
- Access To the Back Rooms

Quaternary Business Premises:
- Store Front currently made us of a Church.
- Private Use Bathroom
- Access To the Back Rooms

An Ideal Investment that needs TLC and Maintenance throughput. The Price is marketed below market value due to the condition of the building as well as an outstanding Rates Bill that is to be attended to by the Purchaser due to the low price or alternatively, by the Seller but can be worked into the actual asking Price. To discuss the matter further, please do not hesitate to contact me.

Property Reference #: CL2719715

Agent Details:
Kyle De Aguiar
Dormehl Phalane Property Group
95 Victoria Street,
Oakdene,
Johannesburg,
Gauteng,
2190

Id Subtitle 1013320300
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Estimated monthly repaymentR 6,774
Total property loan amountR 625,000
Total interestR 1,000,561
Total repaymentR 1,625,561
Interest rate at 11.75% for 20 years *
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Dormehl Phalane Property Group
Selling for 3+ years
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