Business & Commercial Investment Property

R 1,500,000

Can I afford this?
3 years ago1215 views
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General Details
For Sale By:Agency
Size (sqm):100
Parking:Covered
Description
High Profile Site, Zoned Business & Commercial facing busy Main Road comprising 1 Retail Shop, another Retail Shop/Workshop, Plus Car Wash business. Present Monthly Income R11 250.00. 3 Phase Electricity installed together with Pre-Paid Electricity & Water Meters for all Tenants. Property lends itself to be developed further with the addition of 3 X Residential Units of 70 M2 each, which will boost Monthly Income by a further estimated R13 500.00. Monthly Rates only R1 125.00.

Property Reference #: CL355

Agent Details:
Paul Retief
National Cloud
x

Id Subtitle 816428804
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Estimated monthly repaymentR 16,256
Total property loan amountR 1,500,000
Total interestR 2,401,346
Total repaymentR 3,901,346
Interest rate at 11.75% for 20 years *
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National Cloud
Selling for 3+ years
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