916 m² Commercial space in New Germany

R 6 500 000

Reuben Venter

Chas Everitt-Pinetown

916 m² Commercial space in New Germany

R 6 500 000

Address: 55 escom rd road
4 Baths
Floor Area 916 m² Rates R 11520 Levy R 1977

Two units for sale in a 4 unit complex. Unit 4 and unit 5 @516 m2 and 400 m2 respectively.Both units owned by the same Landlord, Properties are in a (PTY) ltd.. Ta Barnes Properties. There is two entrances 4 Henderson rd and 55 Escom rd. These addresses are sort after in the commercial sector and easy aces to the M19, M13 and N3.

Section 4 consist of 516 m2 and section 5 of 400 m2

Total rental income on both properties are R 70 000.00 and total expenses is about R19 847.00

This expenses include Levy, Rates, Security and maintenance.

The leases are three yr. lease with 8% escalation.This is a good investment opportunity that will give you about 8-9% return from yr.2

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4
Bathrooms

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916 m² Commercial space in New Germany

R 6 500 000

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