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INVESTORS!! Excellent property with good income!
R 29,985,000
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General Details
Location:
Description
Modern, attractive multi-tenanted Commercial building in prime position in Paarl South.
This property is well-placed, on-route to Cape Town & the Airport.
Huge open plan, double volume warehouse & office space, offering multiple tenant options.
Almost 100% of the space is rented out and new owners can take over the long-term tenants.
The current monthly income is ±R240 000 to be increased soon.
The low maintenance building has lots of natural light with tinted windows.
A large shutter door and 2 IBR sliding doors give access to a secure yard & loading zone.
Access from two streets, which is ideal for more tenants occupying.
The yard space can facilitate forklifts and trucks loading on- and off.
Covered parking bays for 10 vehicles, and a sizeable yard with garden beams for security.
The building can be sub-divided or sectionalized with strong WIFI service in place.
This unique property is zoned "mixed use" which makes provision for a list of permitted uses.
Currently FOUR 3 year renewable contracts are in place, and a few smaller 12-24 month contracts in place.
Tenants have signed for a 6% annual escalation and happy tenants are ready to renew.
±15-20 air-conditioned offices, a Boardroom, Convention room, 4 bathrooms, 2 kitchens.
15-20 m² built-in safe on site.
The building consist of a steel portal frame, some wooden paneling, and face brick & plaster exterior walls.
Some of the interior walls are divided by dry walling and can be removed/changed.
Lovely staff lounge with built-in bar counter and braai facilities.
This stunning building will suite almost any type of business, such as a hairdresser, dance studio, office suites,
for church use, warehousing space, IT services and many other possibilities.
Load shedding is NO problem as the building is fitted with solar panels and business can continue as usual.
This property is an attractive Commercial investment that will continue to grow.
Southern Paarl is expanding greatly and there are upmarket new Developments coming to the area.
Property Reference #: CCC68
Agent Details:
Barbara Strydom
CCH (Cape Coastal Homes / City Country Homes)
Shop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130
This property is well-placed, on-route to Cape Town & the Airport.
Huge open plan, double volume warehouse & office space, offering multiple tenant options.
Almost 100% of the space is rented out and new owners can take over the long-term tenants.
The current monthly income is ±R240 000 to be increased soon.
The low maintenance building has lots of natural light with tinted windows.
A large shutter door and 2 IBR sliding doors give access to a secure yard & loading zone.
Access from two streets, which is ideal for more tenants occupying.
The yard space can facilitate forklifts and trucks loading on- and off.
Covered parking bays for 10 vehicles, and a sizeable yard with garden beams for security.
The building can be sub-divided or sectionalized with strong WIFI service in place.
This unique property is zoned "mixed use" which makes provision for a list of permitted uses.
Currently FOUR 3 year renewable contracts are in place, and a few smaller 12-24 month contracts in place.
Tenants have signed for a 6% annual escalation and happy tenants are ready to renew.
±15-20 air-conditioned offices, a Boardroom, Convention room, 4 bathrooms, 2 kitchens.
15-20 m² built-in safe on site.
The building consist of a steel portal frame, some wooden paneling, and face brick & plaster exterior walls.
Some of the interior walls are divided by dry walling and can be removed/changed.
Lovely staff lounge with built-in bar counter and braai facilities.
This stunning building will suite almost any type of business, such as a hairdresser, dance studio, office suites,
for church use, warehousing space, IT services and many other possibilities.
Load shedding is NO problem as the building is fitted with solar panels and business can continue as usual.
This property is an attractive Commercial investment that will continue to grow.
Southern Paarl is expanding greatly and there are upmarket new Developments coming to the area.
Property Reference #: CCC68
Agent Details:
Barbara Strydom
CCH (Cape Coastal Homes / City Country Homes)
Shop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130
Id Subtitle 1269968203
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Estimated monthly repaymentR 324,950
Total property loan amountR 29,985,000
Total interestR 48,002,896
Total repaymentR 77,987,896
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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CCH (Cape Coastal Homes / City Country Homes)
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Modern, attractive multi-tenanted Commercial building in prime position in Paarl South.This property is well-placed, on-route to Cape Town & the Airport. Huge open plan, double volume warehouse & office space, offering multiple tenant options. Almost 100% of the space is rented out and new owners can take over the long-term tenants. The current monthly income is ±R240 000 to be increased soon. The low maintenance building has lots of natural light with tinted windows. A large shutter door and 2 IBR sliding doors give access to a secure yard & loading zone. Access from two streets, which is ideal for more tenants occupying. The yard space can facilitate forklifts and trucks loading on- and off.Covered parking bays for 10 vehicles, and a sizeable yard with garden beams for security. The building can be sub-divided or sectionalized with strong WIFI service in place.This unique property is zoned mixed use which makes provision for a list of permitted uses. Currently FOUR 3 year renewable contracts are in place, and a few smaller 12-24 month contracts in place. Tenants have signed for a 6% annual escalation and happy tenants are ready to renew. ±15-20 air-conditioned offices, a Boardroom, Convention room, 4 bathrooms, 2 kitchens.15-20 m² built-in safe on site. The building consist of a steel portal frame, some wooden paneling, and face brick & plaster exterior walls. Some of the interior walls are divided by dry walling and can be removed/changed. Lovely staff lounge with built-in bar counter and braai facilities. This stunning building will suite almost any type of business, such as a hairdresser, dance studio, office suites,for church use, warehousing space, IT services and many other possibilities. Load shedding is NO problem as the building is fitted with solar panels and business can continue as usual. This property is an attractive Commercial investment that will continue to grow. Southern Paarl is expanding greatly and there are upmarket new Developments coming to the area.Property Reference #: CCC68Agent Details:Barbara StrydomCape Coastal HomesShop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130
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