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Investment property in Raceview
R 9,000,000
Can I afford this?20 Photo(s)
1 year ago295 views
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Description
This double storey commercial property is situated on the South side of the Alberton CBD near the New Market Mall and the new modern Netcare Hospital that has been newly erected. The building is multi-let to several tenants running different operations in units of varying size and configuration. It has internally been adapted to suit the requirements of each tenant. Some partitions were made inside into smaller and separately leasable units.
The property has business 1 zoning rights, it is a sectional title with participation quota of 79.4% in the scheme for the whole block, the 20.6% belongs to the other owner. The area under roof is 1575sqm. For parking there is designated parking space provided by the adjacent stand.
An opportunity for a serious investor. ......Do not miss it.
Property Reference #: CL707
Agent Details:
Mary Kobile
Allegiance Properties
207 Biggarsberg Street
Glenvista
Gauteng
2058
The property has business 1 zoning rights, it is a sectional title with participation quota of 79.4% in the scheme for the whole block, the 20.6% belongs to the other owner. The area under roof is 1575sqm. For parking there is designated parking space provided by the adjacent stand.
An opportunity for a serious investor. ......Do not miss it.
Property Reference #: CL707
Agent Details:
Mary Kobile
Allegiance Properties
207 Biggarsberg Street
Glenvista
Gauteng
2058
Id Subtitle 1117397472
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Estimated monthly repaymentR 97,534
Total property loan amountR 9,000,000
Total interestR 14,408,073
Total repaymentR 23,408,073
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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Allegiance Properties
Selling for 2+ years
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