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Investment property for sale - fully let
R 3,100,000
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Description
Fully let investment property for sale! Main tenant is a reputable vehicle repair/enhancement business with a clean operation. There is a small take-away tenant in the corner of the building leasing a small section. The property has ample customer parking in front facing the very busy Terrace rd.
Total under roof area: 700m²
ERF: 1,190m²
TENANT 1:
Lease period - 3 years
Lease commencement : 01-March-23
Escalation: 6%
Rental: R22,000 / month
TENANT 2:
Lease period - 3 years
Lease commencement : 01-Aug-22
Escalation: CPI
Rental: R5,100 / month
Rates: R7473-00 / month
Insurance: R1,212-00 / month
Contact APG today to secure your next COMMERCIAL or INDUSTRIAL space. Industrial and Commercial Property Specialists!
Rates And Taxes: 7473
Property Reference #: 12154
Agent Details:
Raymond Roos
Asset Property Group
Eastwood Office Park Unit 14, 11b Riley Road, Bedfordview
Total under roof area: 700m²
ERF: 1,190m²
TENANT 1:
Lease period - 3 years
Lease commencement : 01-March-23
Escalation: 6%
Rental: R22,000 / month
TENANT 2:
Lease period - 3 years
Lease commencement : 01-Aug-22
Escalation: CPI
Rental: R5,100 / month
Rates: R7473-00 / month
Insurance: R1,212-00 / month
Contact APG today to secure your next COMMERCIAL or INDUSTRIAL space. Industrial and Commercial Property Specialists!
Rates And Taxes: 7473
Property Reference #: 12154
Agent Details:
Raymond Roos
Asset Property Group
Eastwood Office Park Unit 14, 11b Riley Road, Bedfordview
Id Subtitle 1251044365
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Estimated monthly repaymentR 33,595
Total property loan amountR 3,100,000
Total interestR 4,962,781
Total repaymentR 8,062,781
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Asset Property Group
Selling for 1 year
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