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RETAIL INVESTMENT WITH LEASE FOR SALE GOODWOOD
R 13,250,000
Can I afford this?
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General Details
Location:
For Sale By:Agency
Available From:29/10/2024
Size (sqm):2000
Parking:Secure Parking
Description
RETAIL INVESTMENT WITH LEASE FOR SALE GOODWOOD
SELLING PRICE: R13 250 000,00
GROSS LETTABLE: AREA - ± 2,000 m²
Space Occupied by 2 great tenants
Lease in place until March 2027, with 6% escalation. Tenants have further 5 year option to renew.
Annual net rental ± R 1 356 800,00
Current Nett monthly Rental from both (tenants) is R 108 891,68
The annual insurance is R50, 000 (R4, 500p.m)
The neighboring buildings are very much in the motor trade as well as various building and service industries.
To View Contact Louis on 021 531 5000 Or 0822284445 Email: info@aaronproperties.co.za
Id Subtitle 1301792358
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Estimated monthly repaymentR 143,592
Total property loan amountR 13,250,000
Total interestR 21,211,885
Total repaymentR 34,461,885
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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Aaron Properties
Selling for 8+ years
Total Ads7.92K
Active Ads15
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