1780 m² Retail Space in Flamwood

R 20 000 000

Pierre Ludick

RealNet-Klerksdorp

1780 m² Retail Space in Flamwood

R 20 000 000

Can I afford this?
Floor Area 1780 m²
Land Area 4119 m²
Rates R 13300

Shopping center for sale in Flamwood, Klerksdorp.

One of Klerksdorps prime retail center with a monthly income of just over R181 500. (One hundred and eighty one thousand five hundred rand per month) exclusive of VAT.

Ideally located on one of the main business routes in Klerksdorp with other centers and apartment blocks around it.

Original building was built in 1982 and then in 2007 the property was expanded and upgraded, almost tripling the rental floor space. Current total rental floor space is 1780m. For the exception of two tenants, the other tenants have been renting there for the last five to twenty years. The NPO tenant allows a yearly tax benefit of about R120 000 (one hundred and twenty thousand rand) according to Art 16A.

Current owners are in the proses of installing a new smart metering system throughout the centrum, which will link up in the future with the planed solar system. Proposed cost for the solar system is R1 600 000 (one million six hundred thousand rand).

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1780 m² Retail Space in Flamwood

R 20 000 000

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