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Great investment opportunity or business premises with a variety of options!
R 9,900,000
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8 months ago169 views
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General Details
Location:
Description
The property is centrally located in a light industrial area of North End in East London, adjacent to the East London CBD and Braelyn. Properties in the area are generally older type warehouses with an average marketability. The property, zoned Industrial Zone 1, consists of a large main double storey building with various offices, two retail premises and a warehouse at the rear. The office section has a reception, waiting room, kitchen and ablutions on the ground floor and a boardroom, two offices and ablutions on the first floor. The rear warehouse premises has various sections from modern to standard factory finishes. Included in the 2223 sqm lettable area is 355 sqm offices, 415 sqm retail premises and 1453 sqm warehouse space. The premises can easily be separated into two or more sections to accommodate different tenants. Rental return of 10% plus.
Property Reference #: ELO-CS00047
Agent Details:
Andre Goosen
Century21
84 Vincent Road Vincent East London 5247
Property Reference #: ELO-CS00047
Agent Details:
Andre Goosen
Century21
84 Vincent Road Vincent East London 5247
Id Subtitle 1231497840
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Estimated monthly repaymentR 107,287
Total property loan amountR 9,900,000
Total interestR 15,848,880
Total repaymentR 25,748,880
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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Century21
Selling for 3+ years
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