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Tenanted double storey Industrial Building for Sale in Congella
R 3,300,000
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General Details
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Description
This double storey Industrial building in Melbourne Road in Congella is on an erf size of 616m² and has two ground floor units of 300m² each, and a drive-up ramp to an upstairs Unit of 600m², giving a GLA of 1200 m². Total income is R47 158 per month or R566 000 per year with annual rates of R143 000. One can see that the rental rates are below R40 per m², giving huge potential to increase rental rates. Asking price is R3.3m plus vat, negotiable. Phone Shaun for further details.
Property Reference #: CL1961
Agent Details:
Shaun Stobart
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Glenwood
Property Reference #: CL1961
Agent Details:
Shaun Stobart
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Glenwood
Id Subtitle 1277197943
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Estimated monthly repaymentR 35,763
Total property loan amountR 3,300,000
Total interestR 5,282,960
Total repaymentR 8,582,960
Interest rate at 11.75% for 20 years *
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Maxprop Holdings (Pty) Ltd
Selling for 2+ years
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