Prime Business Premises: Central Swellendam

R 4,025,000

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28 days ago33 views
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General Details
Description
This centrally located commercial property offers a premium investment opportunity! Zoned for General Business with business premises usage for offices. The property is occupied by long-term tenants, being the Department of Labour and Employment, which provides a stable income stream.
Well positioned opposite the new Swellengrebel Shopping Centre, this property offers high visibility. The building gets access from Van Imhoff Street (an important street leading to the Primary School).

Ample parking is available on the property for both tenants and clients. Gross leasable area that is currently occupied by the Department of labour is 286m2. The large double garage has one manual garage door and one automated door, and there is additional covered parking for three cars. This tenant parking space can be closed off to clients by a secure sliding gate.
New carpeting to be installed within the month of May and a new roof was installed approximately a year ago.
Price includes VAT as the seller is a VAT vendor. Contact your local Realtors International agent to arrange a viewing of this prime investment opportunity.

Property Reference #: CL1127

Agent Details:
Elsie Oosthuizen
Rigroup (PTY) Ltd
23 Auge Street, Swellendam, 6740

Id Subtitle 1279152313
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Estimated monthly repaymentR 43,620
Total property loan amountR 4,025,000
Total interestR 6,443,611
Total repaymentR 10,468,611
Interest rate at 11.75% for 20 years *
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Rigroup (PTY) Ltd
Selling for 3+ years
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