Commercial Property In Laboria Polokwane

R 10,000,000

Can I afford this?
2 years ago352 views
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General Details
Description
Steady Income Generator

This property consists of operational rental units for small to medium businesses currently occupied by tenants with only 3 units vacant. The units are 18 in total: 6 units measuring 75sqm, 10 units measuring 150sqm and 2 units measuring 300sqm. Each unit has a bathroom in the back, a kitchen sink and a coffee station.

The property also has a 350sqm administration block with a large reception area, 3 offices, a conference area, kitchen and two separate toilets, not forgetting a walk-in safe. There is also an ablution block for males and females, showers and 2 accommodation rental rooms.

No VAT will be applicable on the purchase price if it is sold as a going concern. Contact us today for viewing, thank you.

Property Reference #: CL2719743

Agent Details:
Denga Mukwevho
Dormehl Phalane Property Group
20 Hill Street
Laddana
Polokwane

Id Subtitle 987477970
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Estimated monthly repaymentR 108,371
Total property loan amountR 10,000,000
Total interestR 16,008,970
Total repaymentR 26,008,970
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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Dormehl Phalane Property Group
Selling for 3+ years
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