OtherCommercial in New Park For Sale

R 20,000,000

Can I afford this?
16 days ago34 views
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General Details
Size (sqm):2424
Parking:Covered
Description
THE SKY IS THE LIMIT WITH THIS JEWEL

• The possibilities for the property is endless
• The location is really one of the best in its area
• A quickly access to the main road but still close to the CBD
• This property is really value for money!!!
• Truly a great Investment


This Block of Flats offer - 27 Large Flats
• 5 x extra-large - R6 450 p.m.
2 bedroom, 1 bathroom, kitchen, lounge and balcony + Pre-paid meter
• 12 x standard - R6 100 p.m.
2 bedroom, 1 bathroom, kitchen and lounge + Pre-paid meter
• 10 x Bachelor - R5 330 p.m.
1 bedroom, 1 bathroom, kitchen, lounge and balcony + Pre-paid meter
• Total income - R1 905 000 annual
Parking available for 30 vehicles
This rent included 1 parking per flat. Some tenants pay an additional R150 for extra parking

Erf Size : 2424m2
Rates - R13 000 p.m - R143 280/annually
Lights and Water +- R5000 /month variable
The roof has been waterproofed by Tenelle Waterproofing in 2021 with a guarantee of 10 years

THE BUILDING CAN BE CONSIDERED TO SELL WITH THE COMPANY AT AN ADDITIONAL COST.
• It is not a vat registered company. Price does not include vat

Contact us to view this Property
.


Rates And Taxes: 13000
Security Features: Access Gate
Property Reference #: 4126935

Agent Details:
Linda Erlank
West Rand
Chas Everitt
44 Yente Street
Hadisonpark
Kimberley
8301


Id Subtitle 1276088155
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Estimated monthly repaymentR 216,742
Total property loan amountR 20,000,000
Total interestR 32,017,940
Total repaymentR 52,017,940
Interest rate at 11.75% for 20 years *
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Chas Everitt
Selling for 3+ years
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