Property Details:
Type: Prime 1150 building comprising of retail shops and offices.
Location: Well-positioned close to the main Central Business District (CBD).
Structure: The building consists of two levels. The first level offers retail shops, and the second level houses offices.
Maintenance: The building is well-maintained, and both the shop and office floors are tiled.
Accessibility: Convenient location for those relying on public transport.
Occupancy and Income:
Current Occupancy: The building is currently at 80% occupancy, indicating strong demand.
Annual Income: The property generates an annual income of R905,934.00.
Investment Metrics:
Yield: Based on the asking price, the building is expected to yield a 12% nett return. This suggests a potentially attractive return on investment for buyers.
VAT: VAT is not included in the asking price and will be payable if applicable. Buyers should consider this additional cost.
Utility and Expense Details:
Individual Meters: All shops are fitted with their own electrical and water meters.
Tenant Responsibility: Tenants are responsible for paying their own utility usage based on these meters.
This information provides a clear overview of the property''s key features, income potential, and investment metrics, which can help potential buyers make an informed decision. Interested parties are welcome to inquire further about the property''s specifics, such as its individual shop and office sizes, location, and any potential lease agreements in place with tenants.
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