CommercialAndIndustrial in Magaliesburg For Sale

R 8,200,000

Can I afford this?
6 months ago103 views
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General Details
Size (sqm):700
Description
This 700 m2 industrial space is also available immediately at a monthly rental rate of R200 000. This property is located in the Hartbeespoort area and is ideally suited for the organic plant-growing/food industry. This property has solar-power, security system and on-site parking for 40 cars. There is also a coffee shop area and ablution facilities for both staff and clients.

This rental also includes machinery to the value of R250 000 for the tenant’s use, 950 kg’s of coffee beans and plant seeds to the value of R700 000. There are also 4 employees included in the rental with no escalation for the first 3 years of the 5 year lease. There is also the option to purchase the property after 5 years.

# Entrance Hall: 1
Security Features: Access Gate
Property Reference #: 4052944

Agent Details:
Mark Joffe
West Rand
Chas Everitt
Shop 12
Hyde Square Shopping Centre
Corner Jan Smuts Avenue & North Road
Dunkeld West
2196

Id Subtitle 1242777056
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Estimated monthly repaymentR 88,864
Total property loan amountR 8,200,000
Total interestR 13,127,355
Total repaymentR 21,327,355
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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Chas Everitt
Selling for 3+ years
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