Commercial space in Upington

Double Storey Building on 929 m2 erf in Mark street Upington CBD

The building

Groundfloor 468 m2 Retail space that can be rented out at R80 per m2 .

Plus 72 m2 rented out at present with an income of R27000.00 p/m .

Store room 31 m2

3 Toilet facilities with ablution .

1st Floor 468 m2 16 offices with some tenanted .Potential income per office is R2500 and R3500 .

Present income R13700.p/m

2 nd Floor 468 m2 Accommodation area.

10 Rooms for permanent tenants @ R2500 per month with shared ablution facilities .

5 rooms for overnight visitors @R300 per person

1 bachelor flat @R3500.00 Fully serviced .

Rates taxes R16721 p/m

Insurance R9000 p/m

Water/electricity +- R6000 p/m

R15 000 000 .00 plus vat if applicable

For the investor

With a potential income of R145 000 00 per month minus your R32 000. 00 expenses your return of 9% Cap is better than any financial institution will give you ,plus your property increase in value and your income by 8 % every year .In 3 years you stand at 11% return .

No better investment anywhere but Property!

You need to expand your business or open a new one or invest in your

Childrens future this is the right building with the right location!

Please contact me for more information and viewing .