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 .
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