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Commercial property for sale
R 2,400,000
Can I afford this?24 Photo(s)
1 year ago577 views
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Description
A large medical and renovated dentistry suites for combined practice, in the heart of Alberton. Secured practice, dentistry renovated in a pleasant manner, with two separate entrances and separate entities.
Here you have a dentistry with 3 separate rooms, a bathroom and kitchen.
In the other wing with separate reception rooms you have 4 doctors rooms, an accounts office, a kitchen and separate tea room, an emergency waiting room.
You have two bathrooms for patients and a separate one for employees.
The medical rooms are currently rented out with Doctors that have been there for over 30 years. The dentistry has no tenants in yet, so another rental income could be received
The total GLA (gross leasable area) is 395m2 and current gross leased area is 341m2. The dentistry is another 54m2 that could be let out.
Your Nett Rental Yield on the medical suites currently is 15%, but your nett potential rental yield could be 19% if the dentistry area is rented out as well.
You will have 5 safe carport parking inside, air conditioning in the rooms, and ample parking for visitors inside and outside.
The Lifestyle Property Group has tried to ensure that all representations contained in this advertisement are accurate but provides no guarantees whatsoever. The representations herein has not been compiled to meet a Purchaserâ??s individual requirements and it remains the Purchaserâ??s sole responsibility to inspect the property duly prior to entering into any purchase agreement. The representations herein does not constitute the terms of sale as the images and descriptions are merely indicative. LPG assumes no responsibility for any errors and we reserve the right to correct/change/update the advert at any time without prior notice.
Property Reference #: RL89346
Agent Details:
Lungile Sibeko
Lifestyle Property Group
No 3 Woodhill Office Park
53 Phillip Engelbrecht Street
Meyersdal
Alberton
1449
Here you have a dentistry with 3 separate rooms, a bathroom and kitchen.
In the other wing with separate reception rooms you have 4 doctors rooms, an accounts office, a kitchen and separate tea room, an emergency waiting room.
You have two bathrooms for patients and a separate one for employees.
The medical rooms are currently rented out with Doctors that have been there for over 30 years. The dentistry has no tenants in yet, so another rental income could be received
The total GLA (gross leasable area) is 395m2 and current gross leased area is 341m2. The dentistry is another 54m2 that could be let out.
Your Nett Rental Yield on the medical suites currently is 15%, but your nett potential rental yield could be 19% if the dentistry area is rented out as well.
You will have 5 safe carport parking inside, air conditioning in the rooms, and ample parking for visitors inside and outside.
The Lifestyle Property Group has tried to ensure that all representations contained in this advertisement are accurate but provides no guarantees whatsoever. The representations herein has not been compiled to meet a Purchaserâ??s individual requirements and it remains the Purchaserâ??s sole responsibility to inspect the property duly prior to entering into any purchase agreement. The representations herein does not constitute the terms of sale as the images and descriptions are merely indicative. LPG assumes no responsibility for any errors and we reserve the right to correct/change/update the advert at any time without prior notice.
Property Reference #: RL89346
Agent Details:
Lungile Sibeko
Lifestyle Property Group
No 3 Woodhill Office Park
53 Phillip Engelbrecht Street
Meyersdal
Alberton
1449
Id Subtitle 1159590497
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Estimated monthly repaymentR 26,009
Total property loan amountR 2,400,000
Total interestR 3,842,153
Total repaymentR 6,242,153
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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Lifestyle Property Group
Selling for 3+ years
Total Ads1.07K
Active Ads1.07K
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