Great Business Opportunity

R 2,450,000

Can I afford this?
5 months ago152 views
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Description
Introducing a prime commercial building in Moorreesburg, offering a fantastic investment opportunity.

This spacious property features three distinct spaces, currently occupied by two thriving tenants. The building's current total rental income is an impressive R8,000 per month, with a combined area of 130 square meters. The first tenant, a stylish hair salon spanning 62m². The second tenant occupies a 68m², serving as an accountant's office.

However, the real gem of this property is the spacious 214m² former post office. While it is currently vacant, it still contains furniture and shelves that can be utilized by future tenants. This area offers great potential, with an estimated monthly rental income of R15,500. Furthermore, the post office boasts a built-in walk-in safe, providing additional security for your future tenants.

The building has been well-maintained, with a fresh coat of paint applied just two years ago, and a secure cement roof. The kitchen, complete with built-in cupboards, and two separate toilets (male and female) are practical amenities that enhance the property's appeal.

Both current tenants have a long-standing presence in the building, although they lack formal contracts. New owners will have the flexibility to retain them or provide a three-month notice if required.

With a potential monthly income of approximately R23,500, this commercial building in Moorreesburg represents a lucrative opportunity for investors seeking a reliable and income-generating asset. Don't miss the chance to make this versatile property a cornerstone of your investment portfolio.

Property Reference #: ORC347

Agent Details:
Denise Pretorius
Only Realty
Unit 7 Time Office Park
39 Blaauwberg Road
Blouberg

Id Subtitle 1246223711
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Estimated monthly repaymentR 26,551
Total property loan amountR 2,450,000
Total interestR 3,922,198
Total repaymentR 6,372,198
Interest rate at 11.75% for 20 years *
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