500 m² Commercial space in Plumstead

R 6 700 000

Chris Nell

RealNet-Platinum

Price Reduced

500 m² Commercial space in Plumstead

R 6 700 000

1-3 plumstead, 30 main road
Can I afford this?
Floor Area 500 m²
Land Area 600 m²
Rates R 2286
Levy R 1

This Great Investment is very Well Located in Cape Town On the Plumstead / Diepriver Boarder. Quick access to and from Cape Town CBD. The Proeprty Details is as follow :

July 2017

Tenant: 1

Extent: 202m

Lease period: 1 Dec 2016 30 Nov 2022

Current monthly Rental: R 22 500

Tenant: 2

Extent: 78m + 80m yard

Lease period: 1 Apr 2016 31 Mar 2020

Current monthly Rental: R 9 000

Tenant: 3

Extent: 158m

Lease period: 1 May 2016 30 Apr 2019

Current monthly Rental: R 20 000

TOTAL Monthly Rental: R 51 500

Annual Rental: R618 000

Tenants pay water, sewerage refuse and electricity

NB: Note that size indicates the under roof cover areas.

Building size: 440m

Property size: 595m

Parking bays in front & side: 10

Monthly Rates: R 2 286

Monthly Insurance: R 1 600

Bank Charges: R 70

Accounting: R 200

R & M: R 1 000

TOTAL per month R 5 156

TOTAL per annum R61 872

PRICE: R6.9 million including Commission payable from the seller

RETURN: 8,3 %

CAPITAL APPRECIATION: 10% p.a

PLEASE FEEL FREE TO CONTACT ME AT ANYTIME TO ARRANGE VIEWINGS.

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500 m² Commercial space in Plumstead

R 6 700 000

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