Property Overview
-
- Size:
- 21,000 sq ft / 1,951 sq m
-
- Sale Type:
- For Sale
-
- Rental Income:
- R165,000
-
- Property Type:
- Offices
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- No
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
Supporting Documents
General Summary
Office Building - For Sale
Excellent investment
R13,000,000 Neg.
Kempton Park
Well situated, easy access, good security
1951 sqm. office space rented out
46 Parking bays, some covered
Fully let, quality tenants
R85.00 per sqm.
Total income R165,000 per month
Total expenses R45,000 per month
Net income R120,000 per month
Deposit R3,250,000 (25 percent)
Costs R1,030,000 (Transfer duty, transfer costs, bond costs)
Loan amount R9,750,000
Repayment R118,300 per month at prime minus 1% over 10 years
Location
Glen Marais business area, Monument Rd. Kempton Park
