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Investment property for sale - fully let
R 12,900,000
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4 months ago101 views
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Description
Fully let investment property for sale! 4 tenants occupy the property as it is divided into 4 separate sections. The property has ample customer parking in front facing the very busy Terrace rd on a corner. These units are very popular and rent out easily.
Total under roof area: 3,082m²
ERF: 4,625m²
TENANT 1:
Lease period - 3 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R30,500 / month
TENANT 2:
Lease period - 3 years
Lease commencement : 01-July-21
Escalation: 5%
Rental: R23,000 / month
TENANT 3:
Lease period - 2 years
Lease commencement : 01-Oct-21
Escalation: 8%
Rental: R23,700 / month
TENANT 4:
Lease period - 2 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R24,000 / month
Rates: R13,260-00 / month
Insurance: R3,024-00 / month
Contact APG today to secure your next COMMERCIAL or INDUSTRIAL space. Industrial and Commercial Property Specialists!
Rates And Taxes: 13260
Property Reference #: 12155
Agent Details:
Raymond Roos
Asset Property Group
Eastwood Office Park Unit 14, 11b Riley Road, Bedfordview
Total under roof area: 3,082m²
ERF: 4,625m²
TENANT 1:
Lease period - 3 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R30,500 / month
TENANT 2:
Lease period - 3 years
Lease commencement : 01-July-21
Escalation: 5%
Rental: R23,000 / month
TENANT 3:
Lease period - 2 years
Lease commencement : 01-Oct-21
Escalation: 8%
Rental: R23,700 / month
TENANT 4:
Lease period - 2 years
Lease commencement : 01-Sept-22
Escalation: 9%
Rental: R24,000 / month
Rates: R13,260-00 / month
Insurance: R3,024-00 / month
Contact APG today to secure your next COMMERCIAL or INDUSTRIAL space. Industrial and Commercial Property Specialists!
Rates And Taxes: 13260
Property Reference #: 12155
Agent Details:
Raymond Roos
Asset Property Group
Eastwood Office Park Unit 14, 11b Riley Road, Bedfordview
Id Subtitle 1251045301
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Estimated monthly repaymentR 139,799
Total property loan amountR 12,900,000
Total interestR 20,651,571
Total repaymentR 33,551,571
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Asset Property Group
Selling for 1 year
Total Ads1.01K
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