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Newlands | Property For Sale | Johannesburg

R 2,350,000

Can I afford this?
10 months ago267 views
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General Details
Description
This multitenated property in Newlands offers a total area of 610 square meters situated on a generous 950-square-meter plot. Currently generating a monthly income of R28,000, this investment opportunity presents steady rental returns. The property enjoys main road visibility, enhancing its appeal to potential tenants and businesses seeking exposure.

With rates and taxes amounting to R7,513.65, this property offers a manageable financial obligation for the owner. Priced at R2,350,000, the sale of this business property excludes VAT, providing potential buyers with additional cost savings.

Ideal for investors seeking to diversify their portfolio or entrepreneurs looking to establish their business in a well-positioned area, this property offers a promising opportunity in Newlands.

Property Reference #: AS610NJ

Agent Details:
Andrew Sanderson
API Property Group
API House, First floor, 85 Wessel Road, Rivonia

Id Subtitle 1291631127
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Estimated monthly repaymentR 25,468
Total property loan amountR 2,350,000
Total interestR 3,762,108
Total repaymentR 6,112,108
Interest rate at 11.75% for 20 years *
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API Property Group
Selling for 1 year
Total Ads2.64K
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